Investors Granted Partial Summary Judgment In Dispute Over Cryptocurrency Sale

( December 5, 2025, 8:46 AM EST) -- ORLANDO, Fla. — A federal judge granted partial summary judgment to investors who sued the trustee of a cryptocurrency and the company that managed the cryptocurrency for selling the cryptocurrency without filing a registration statement, finding that the investors met the first two prongs of the test established under Secs. & Exch. Comm’n v. W.J. Howey Co. but that there was a dispute over whether the promotional materials for the cryptocurrency “attracted Plaintiffs with an expectation of profits.”...