We are trying to make the Binance SQUARE Platform more valuable and attentive for you. Here are the details of our news;
Dapper Labs, a leading non-fungible token (NFT) company known for its FLOW altcoin, Dapper Labs, a non-fungible token (NFT) company known for products like NBA Top Shot and CryptoKitties, according to an internal corporate document obtained by Fortune. It was under review by the Securities and Exchange Commission (SEC) until September.
Calling the document the “Case Closing Report,” the SEC filed the document with “Dapper Labs, Inc.” on September 29. He concluded a review titled. The one-page report did not specify the reasons for the investigation, its start date or the reasons behind the SEC's decision to close it.
“The SEC does not comment on a possible investigation,” an agency spokesperson said.
The decision to close the investigation into Dapper Labs, which has raised over $600 million since its first funding round in 2018, follows the SEC's settlements with Impact Theory in August and Stoner Cats in mid-September, according to Crunchbase. These were the SEC's first steps against the NFT industry, with the agency arguing that both NFT projects violated federal law by claiming to offer and sell unregistered securities.
In a separate lawsuit, Dapper Labs is currently fighting a class-action lawsuit alleging that NBA Top Shot Moments sold by Dapper Labs are unregistered securities. In February 2023, the federal judge overseeing the case dismissed the case, stating that it was "on its face reasonable" for Moments to be a security.
"We were never contacted by the SEC and as a result we have not heard of this review. However, it is clear that the SEC has closed the case," a Dapper Labs spokesperson said.
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So who will benefit?
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I EXPLAIN IN DETAIL.
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WHEN WILL THE AWARD COME?
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