Aug 07, 2013 10:22 PM

Andrew D'Aragon

Federal Judge Declares Bitcoin a Currency - Slashdot

yro.slashdot.org

tlhIngan writes "An East Texas federal judge has concluded that Bitcoin is a currency that can be regulated under American Law. The conclusion came during the trial of Trendon Shavers, who is accused of running the Bitcoin Savings and Trust (BTCST) as a Ponzi scheme. Shavers had argued that since th...

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Scott Duncan

Aug 07, 2013 11:01 PM

In which jurisdiction is this currency? :P

If you read closer, they are saying the SEC has Jurisdiction because THEIR mony was used to purchase, and Bitcoin just acted as accounting. It WAS a Ponzi Scheme. Just nothing to do with bitcoin .

Andrew D'Aragon

Aug 07, 2013 11:05 PM

I guess they will have to regulate bitcoin now to protect the citizens. ;) LOL

Sirwade Firsbey

Aug 08, 2013 1:36 AM

I see this to make people think that they would have to declare it. or that it could be seized

Libby Patterson

Aug 08, 2013 2:23 AM

Interesting

Adam Thomas

Aug 08, 2013 12:36 PM

Yes it had me quite perplexed for a tad there....so the SEC is just doing the norm & pulling shit from their asses as they know they're fucked so they start the scaremongering &......bullshit......