NBA
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Cryptocurrency
Securitization of NFTs is Being Discussed in The United States
The number of NFT and metaverse cases is increasing in the United States. Although there is an economic value at stake, the existence of security interests (especially NFTs) has been debated for some time. The Attorney General of the United States has stated that “it would be absurd to treat NFTs as securities. This statement sparked a great deal of debate. When Did The Debate Over NFTs Begin? In response…
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Cryptocurrency
Could NFTs Be Considered As Securities In The US?
A US court ruling that virtual assets on blockchain systems are securities “would be ludicrous,” according to the chief legal officer of the Blockchain Association. That happened when a federal judge authorized a lawsuit against exclusive NBA Top Shot Moments NFTs. A potential class action lawsuit brought by buyers of Dapper Labs Inc.’s NBA Top Shot Moments NFTs has been contested by the company. Nevertheless, Dapper Labs was mistaken, as US District…
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