NBA Top Shot NFTs Could Fail Howey Test and Be Ruled Securities According to US Judge

NBA Top Shot NFTs Could Fail Howey Test and Be Ruled Securities According to US Judge

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A U.S. district court judge has rejected Dapper Lab’s motion to dismiss a lawsuit against it. The lawsuit concerns the NBA Top Shot NFTs and alleges that the latter is a security. The NBA Top Shot NFTs, one of the more popular collections on the market, may face some legal issues as one United…

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