Apart from other meanings mentioned here, in US legal history the "blue sky" laws came in to stop people selling securities for bogus or unlikely business ventu

Apart from other meanings mentioned here, in US legal history the "blue sky" laws came in to stop people selling securities for bogus or unlikely business ventures. I don't think OFAC is necessarily directly concerned with this, in this case, but the company they sued may have inadvertently mocked the business law by using the term. https://en.wikipedia.org/wiki/Blue_sky_law https://en.wikipedia.org/wiki/Blue_sky_law