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US judge permits lawsuit claiming NBA Top Shot NFTs are securities

Summary by Ground News
Dapper Labs will have to defend itself against a lawsuit claiming its Top Shot NFTs are securities. A judge declined to dismiss the case on Wednesday. The lawsuit alleges that Top Shot Moments, an NFT collection that features short clips of NBA highlights, are securities that should have been registered with the SEC.

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Bloomberg broke the news in United States on Wednesday, February 22, 2023.
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