The chief lawyer of the Blockchain Association stated that “it would be absurd” for a United States court to rule that digital assets on private blockchains are securities, after a federal judge’s decision to allow a lawsuit against Dapper Labs’ NBA Top Shots NFTs to proceed. U.S. attorney Jake Chervinsky made the comment after federal judge Victor Marreo denied a motion to dismiss a 2021 lawsuit in which Dapper Labs was accused of selling nonfungible tokens (NFTs) as unregistered securities. The Lawyer Doesn’t Think Any Decision Has Been Made On The NFTs On Twitter, a number of lawyers, including Chervinsky, The post Blockchain Association Lawyer Says US Courts Shouldn’t Rule Private NFTs Securities appeared first on Cryptoknowmics-Crypto News and Media Platform .
