Tezos Lawsuit With Zug Roots Will Move Forward in U.S. for Now
- Cryptocurrency dispute over ICO is based on American law
- Timothy Draper and Bitcoin Suisse are cut out of lawsuit
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A high-profile “Crypto-Valley" legal dispute over the Tezos initial coin offering will move forward in a court closer to Silicon Valley -- for now at least.
In a preview of how litigation may play out in cryptocurrency fights with tentacles spanning the Atlantic, if not the globe, a U.S. judge rejected a bid by the Zug, Switzerland-based Tezos Foundation to toss an investor lawsuit, ruling the case will move forward in federal court in San Francisco.