By CryptoNews - 1 year ago - Reading Time: 1 minutes
NFT Industry Faces Uncertainty as Federal Judge May Categorize NBA Top Shot Tokens as Securities – Regulation Incoming?
The popular NBA Top Shot NFT trading cards could be deemed securities for regulatory purposes in the US, after a judge allowed a lawsuit against Top Shot’s creator to move forward.Top Shot creator Dapper Labs was sued by a buyer of the NFTs who alleged that the creator’s failure to register them with the Securities and Exchange Commission (SEC) had harmed her and other buyers....
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Original source: CryptoNews