Federal Court Dismisses Class Action Lawsuit Against Caitlyn Jenner Over Memecoin
A federal judge dismissed a class action lawsuit against Caitlyn Jenner regarding her memecoin, ruling it does not qualify as a security under federal law. The court found no evidence of a 'common enterprise' or pooled investment, key factors under the Howey Test. The SEC had previously stated that memecoins are typically not subject to federal securities laws.
Topics: Caitlyn Jenner Howey Test lawsuit memecoin SEC securities law