Discussion

• @ahaywa Andrew Hayward on x

  U.S. judge ruled today that NBA Top Shot NFTs are “plausibly” securities, denying Dapper Labs' move to dismiss case. However, also says court's “narrow” conclusion wouldn't apply to all NFTs. Case continues. Story w/ Dapper comment, at @decryptmedia: https://decrypt.co/...

• @northrocklp Hal Press on x

  “Not all NFTs offered or sold by any company will constitute a security, and each scheme must be assessed on a case-by-case basis,” Marrero wrote. Interesting. https://www.theblock.co/...

• @ezrastrauss Ezra on x

  oof “the judge describes the Flow blockchain [...] as a “private” network as opposed to a public one like the Bitcoin blockchain.” https://decrypt.co/...

• @lgdoucet LG Doucet on x

  Here's whats happening with the Dapper Labs lawsuit

• @mtcoppel Marisa Tashman Coppel on x

  Yes, a judge analyzed Howey, but this order is neither substantive nor final. All this means is that the case will go forward, likely reaching summary judgment. At that point, the judge can make a final determination on the merits. https://www.coindesk.com/... https://twitter.com…

• @davemcclure Dave McClure on x

  this is dumb — then why isn't fine art regulated as a security as well? SEC is over-stepping here. https://twitter.com/...

• @carnage4life Dare Obasanjo on x

  NFTs and tokens being considered securities by the SEC and courts is the most obvious outcome to anyone who pays attention. The questionable regulatory issue will likely be treating stablecoins as securities given no expectations of profit. https://www.coindesk.com/...

• @nickpullmanesq Nick Pullman on x

  Surviving a motion to dismiss means that it's plausible the plaintiff could provide evidence to support the allegations in court, which isn't a surprising outcome here given precedent cases. This doesn't tell us much about the strength of the claims yet https://www.coindesk.com/.…