Ripple

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…