A Connecticut jury on Nov. 3 held that digital assets associated with cryptocurrencies in a lawsuit are not securities. on Nov. 1, GAW Miners investor Stuart Fraser was exonerated in a fraudulent action involving ZenMiner LLC. attorney Hughes Hubbard & Reed LLP, the defendants' Daniel Weiner, one of the attorneys representing the defendants, told Law360, "This is the first case we know of where a jury has discussed whether a cryptocurrency product is a security." The jury ruled that four of GAW's products, including the cashier's check "hashpoints," the token "Paycoin" and the virtual wallet "Hashstakers "Stuart Fraser was also found not liable.
