NFT Industry Faces Uncertainty as Federal Judge May Categorize NBA Top Shot Tokens as Securities - Regulation Incoming?

The popular NBA Top Shot NFT trading cards could be deemed securities for regulatory purposes in the US, after a judge allowed a lawsuit against Top Shot's creator to move forward. Top Shot creator Dapper Labs was sued by a buyer of the NFTs who alleged that the creator's failure to register them with the Securities and Exchange Commission (SEC) had harmed her and other buyers....