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ICO – A federal judge has given preliminary sign off to what appears to be a first-of-its-kind class action settlement involving an initial coin offering. Ross Todd reports that Judge Richard Seeborg in California’s Northern District indicated during a hearing Thursday that he was granting preliminary approval to a $25 million proposed deal that the Tezos Foundation reached last month to settle claims brought on behalf of investors who claimed that the initial coin offering on the Tezos blockchain violated U.S. securities laws.

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