“As the law on whether or not cryptocurrencies or exchanges are securities is evolving, this ruling provides celebrity promoters and other marketers working on national platforms some comfort that they can’t be hauled into a jurisdiction where they have not focused any of their business practices in the past, which is what they tried to do here, said Steve Best, a partner at Brown Rudnick who was among the attorneys for Mark Cuban and the Dallas Mavericks.
“As the law on whether or not cryptocurrencies or exchanges are securities is evolving, this ruling provides celebrity promoters and other marketers working on national platforms some comfort that they can’t be hauled into a jurisdiction where they have not focused any of their business practices in the past, which is what they tried to do here, said Steve Best, a partner at Brown Rudnick who was among the attorneys for Mark Cuban and the Dallas Mavericks.
