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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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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Federal judge Victor Marreo has ruled that under the Howey test, the NFTs offered by Dapper Labs constituted “investment contracts” — but that doesn’t mean that all NFTs are.
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GBBC Digital Finance is now one of over 200 affiliated members of the International Organization of Securities Commissions, which also includes 35 national regulators.
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The security flaw would allow the mint of an unlimited amount of arbitrary tokens. The issue was privately disclosed to the BNB team.
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Lewis Cohen headed a team researching Howey-related case law to propose an application that differentiates between primary and secondary transactions.
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