NBA NFTs Aren’t Securities – Dapper Labs CEO
Following an investor’s 2021 lawsuit against Dapper Labs, the company reached an agreement of $4M and reaffirmed that its NBA NFTs are not securities. Dapper Labs’ CEO Roham Gharegozlou reaffirms that NBA Top Shot nonfungible tokens (NFTs) are not securities through a $4 million settlement agreement to terminate a class-action lawsuit against the company. According […]
US SEC Files Lawsuit Against Coinbase Crypto Exchange
The Securities and Exchange Commission (SEC) of the United States has filed a lawsuit against the New York-based cryptocurrency exchange Coinbase for offering unregistered securities. Coinbase, according to the SEC lawsuit, has never registered as a broker, national securities exchange, or clearing agency, thereby circumventing the disclosure scheme for securities markets. The SEC alleged that […]