Dapper Lab's NBA Top Shot Moments may qualify as a security, says U.S. judge

Federal judge Victor Marreo reviewed the Howey Test, which determines whether the NFTs qualified as an investment contract subject to U.S. securities laws. Upon denying the motion, the court authorized the case to proceed.

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Dapper Lab's NBA Top Shot Moments may qualify as a security, says U.S. judge

The Metaverse to Replace the Real World!

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