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Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities

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Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities

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1 year ago

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Federal Judge Rules NBA Top Shot NFTs May Be Considered Unregistered Securities

A federal judge, Victor Marrero, ruled on Wednesday that the NBA Top Shot non-fungible tokens (NFTs) issued by Dapper Labs may meet the requirements to be considered an unregistered security. The case arose in 2021 when an NBA Top Shot collector sued Dapper Labs, claiming that the NBA Top Shot NFTs…
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