Tag: securities

Nike NFT Lawsuit: Unregistered Securities or Digital Fad?

Nike NFT Lawsuit: Unregistered Securities or Digital Fad?

• Facts

Nike, the multinational sportswear behemoth who’s motto is “Just Do It,” finds themselves in an unexpected legal tussle. This lawsuit could have far-reaching implications on the fast-moving universe of Non-Fungible Tokens, or NFTs. Nike’s RTFKT NFTs were recently the subject of a class-action lawsuit accusing the company of deceptive advertising...

Nike NFT Lawsuit: Are Virtual Sneakers Unregistered Securities?

Nike NFT Lawsuit: Are Virtual Sneakers Unregistered Securities?

• Facts

Nike, a sportswear giant, faces a lawsuit over its handling of non-fungible tokens (NFTs) after the abrupt shutdown of its digital token project, RTFKT. The lawsuit raises critical questions about consumer protection in the digital asset space and whether NFTs could be classified as securities. As blockchain regulatory analyst Marcin...

Nasdaq Advocates for SEC to Regulate Cryptocurrencies as Securities

Nasdaq Advocates for SEC to Regulate Cryptocurrencies as Securities

• Regulation

Nasdaq has been pressuring the Securities and Exchange Commission (SEC) to classify selected cryptocurrencies the same as regular financial securities. The order comes in the midst of larger conversations about the classification and regulation of digital assets. On April 25, Nasdaq sent a letter explaining their rulemaking request. They called...

Game of Silks Faces Class Action Lawsuit Over Unregistered NFT Securities

Game of Silks Faces Class Action Lawsuit Over Unregistered NFT Securities

• NFT Drops

As such, a class action lawsuit has been filed against Game of Silks. The metaverse game that introduced real-life horse racing to the blockchain was sued for violating the Securities Act of 1933. The Rosen Law Firm, the same firm leading a lawsuit against Game of Silks, argues the company...

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Civitas Goes Immutable: Faster, Cheaper, and Gas-Free Trading!

Civitas is making a massive leap into the future of blockchain gaming, so join us! As an official partner of Immutable’s, our competitive game officially migrated from Ethereum to the Immutable zkEVM. This change will transform the Civitas experience for players all over the world. This new transition brings with...

Civitas Adopts Immutable Passport for Gas-Free Gameplay

Welcome to Civitas, an exciting new digital universe where players create and lead their own city-states. To make that experience all the more seamless, they’ve recently added Immutable Passport. This transition allows players to shape their civilization's future using augmented reality (AR), on-chain tools, and subDAOs without incurring gas costs....

Kazakhstan's Solana Zone: Web3 Oasis or Regulatory Mirage?

Kazakhstan is taking an ambitious step in the global Web3 race with its new Solana Economic Zone (SEZ). The SEZ is a controlled experimentation space. It seeks to establish a fertile environment for real-world crypto adoption and incubate new Web3 projects. The initiative is intended to mirror the success of...

Pompliano's ProCap Launches Bitcoin-Focused Financial Firm After $750M Raise

Anthony Pompliano is now in charge at ProCap Financial. This new entity will offer exclusive bitcoin-native financial services tailored to the needs of sophisticated investors. This venture was made possible through a SPAC merger between Pompliano's ProCap BTC and Columbus Circle Capital (NASDAQ: CCCM).ProCap Financial’s first fundraising round was met...

MiCA Fuels Crypto Migration as US Regulatory Uncertainty Persists

The European Union’s Markets in Crypto-Assets (MiCA) regulation is quickly altering the global cryptocurrency playing field. With its promise of clarity and a unified regulatory framework, MiCA is attracting major crypto platforms and investors, while the United States grapples with regulatory ambiguity. This change is causing a huge exodus of...