Federal Appeals Court Tosses First NFT Insider Trading Case
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最新报道：A U.S. federal appeals court dismissed the first-ever NFT insider trading case against former OpenSea employee Nathaniel Chastain, ruling that the digital collectibles he traded were not considered securities. The Second Circuit Court found prosecutors improperly applied securities fraud laws, as NFTs do not meet the legal definition of investment contracts. Chastain had been convicted in 2023 of wire fraud for using confidential information about featured NFTs to profit from trades, but the appeals court overturned the conviction, stating the case didn't involve traditional securities. Legal experts say the ruling could impact how regulators approach future NFT-related cases.
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