SEC investigated NBA Top Shot developer Dapper Labs, decided to close case in September
April 11, 2024 – Media Mention
Fortune Crypto
Partner and co-chair of Herrick's Securities Litigation and Enforcement Group, Arthur G. Jakoby, was quoted in Fortune Crypto discussing the Securities and Exchange Commission's ("SEC") decision to terminate its unspecified investigation of Dapper Labs, a preeminent non-fungible token ("NFT") company.
The article notes that the SEC has ramped up its enforcement of the NFT industry, and Arthur cautioned against reading too much into the agency’s closure of its investigation into Dapper Labs. “It doesn't mean they're not going to investigate them next year,” he said. “It doesn't mean that they think Dapper Labs hasn't done something wrong. It doesn't mean that they cleared Dapper Labs.”