(L-R) Alan Rolnick of Rivero Mestre and Adam Moskowitz of the Moskowitz Law Firm. (Courtesy photo/J. Albert Diaz/ALM) NFTs Could Be the Next Wave of Crypto Securities Litigation
"Calling this investment a non-fungible token or governance token does not mask the reality that the Astrals NFT collection…are unregistered securities," Lee Reiners, a professor at Duke Law School, alleged in court documents.
September 12, 2023 at 01:34 PM
4 minute read
A Miami attorney said a class action against a National Basketball Association star and his non-fungible token project, Astrals, represents the next wave of cryptocurrency lawsuits seeking to coin an NFT as a security in the emerging area of digital assets law.
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