A securities lawsuit against Dapper Labs can move forward after a federal judge said NBA Top Shot Moments NFTs satisfy the legal requirements to be considered securities. The decision is a narrow one written to apply only to NBA Top Shot Moments. The judge cited the company's control over Top Shots after they are sold, as well as specific tweets promoting the NFTs in his court filing that used emojis to suggest the assets would gain value.
Guest: John Deaton, Managing Partner of The Deaton Law Firm
Congress writes the laws that regulators (like the SEC) have to follow. It has never been more important for digital asset holders in the U.S. to make themselves heard.
Connect To Congress ➜ https://bit.ly/CongressConect