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A logo for the fictional “Blockchain Exchange Commission” the U.S. Securites and Exchange Commission alleges Blockvest used to promote its ICO (left) and the SEC’s official seal, which Blockvest is also alleged to have used without authorization. (Photo illustration: Jason Doiy/ALM)

Lawyers looking at a first-of-its-kind decision this week turning back the SEC’s request for a preliminary injunction to block the launch of an initial coin offering cautioned that while the loss is undoubtedly a setback for the agency, it isn’t likely to dramatically affect its approach to the ICO market.

Ross Todd

Ross Todd is bureau chief of The Recorder in San Francisco. He writes about litigation in the Bay Area and around California. Contact Ross at rtodd@alm.com. On Twitter: @Ross_Todd.

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