Government Enforcement & Internal Investigations and Blockchain & Cryptocurrency partner Philip Moustakis has been quoted in a Fortune article titled, “SEC investigated NBA Top Shot developer Dapper Labs, decided to close case in September.”

The article focuses on Dapper Labs, one of the premier non-fungible token companies whose products include NBA Top Shot and CryptoKitties, facing an ongoing class action suit in New York that alleges it sold unregistered securities. The NFT company was under investigation by the Securities & Exchange Commission until September.

The agency’s decision to close its investigation into Dapper Labs, one of the most funded companies in the market, may indicate a course correction. “It will surely provide some kind of comfort to participants in the NFT market,” Philip told Fortune.

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Philip Moustakis

(212) 574-1604
moustakis@sewkis.com

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