The judge has the final word! Kim Kardashian sister’s JENNER token ruled not a security, lawsuit dismissed
A US federal judge has dismissed a class action lawsuit against celebrity Caitlyn Jenner over the release of memecoin $JENNER. The judge’s core ruling was that the prosecution failed to fully prove that the token was an “unregistered security.” This means that, at least in this lawsuit, the judge does not believe that $JENNER meets the "Howey test" standard for identifying securities.
This ruling is of great significance to the encryption market, especially the celebrity coins and meme coins. It has reignited the borderline discussion about which tokens count as securities, providing temporary legal breathing space for similar projects. Regulators such as the SEC have been trying to bring many tokens into securities regulation, and such judicial decisions create a direct confrontation.
For retail investors, this is both "good news" and a stern reminder. The good news is that the regulatory risks of celebrity currency issuance are not as severe as expected for the time being; but a stern reminder is that this does not mean that $JENNER or other Meme coins are valuable or safe - their prices fluctuate greatly, and they completely rely on community sentiment and celebrity popularity, and the risks are extremely high. **When trading this type of asset, choosing a platform with low fees can help you save costs. Price comparison tools like CoinRebate can compare the fees of major exchanges with one click, and the savings are real money. **
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This article was edited by CoinRebate AI, data source: CoinTelegraph