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I wouldn't call it bait. That's the nature of case law. If they decide these NFTs are Securities, then given their criteria, other NHTs can be securities. If th
by josefritzishere 2y ago
I wouldn't call it bait. That's the nature of case law. If they decide these NFTs are Securities, then given their criteria, other NHTs can be securities. If they use the Howey test then they are also deciding that is the proper test for this scenario. Spoiler: They did decide on the Howey test and also against Draft Kings.
https://www.kmllp.com/news/judge-holds-digital-trading-cards-are-securities-under-the-howey-test-in-km-lawsuit-against-draftkings https://www.kmllp.com/news/judge-holds-digital-trading-cards...
- yieldcrv 2y agothat’s not a spoiler as your article is the same news as this article, its just a denying a motion to dismiss and again the case isn't novel and the headline is is bait. its already been established that crypto assets can be issued as securities, one regulator is just mad that they can also be issued as products that aren't securities too and that its a hit with consumers NFT collections are the same as the other crypto assets in this regard