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DOJ NFT Insider Trading Indictment Skirts Securities Question, But Litigates Like It Is

The question of whether an NFT is a security has come up several times, and United States of America v. Chastain in the Southern District of New York brings the dispute back to the forefront.

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Tacking onto the many “firsts” in the digital asset space, there was a leadoff non-fungible token (NFT) insider trading indictment from the Department of Justice, raising new possibilities about where exactly these blockchain-powered tokens fit in the current financial framework.

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