Caitlyn Jenner Wins Memecoin Lawsuit Dismissal

[lingriiddd]

Caitlyn Jenner has successfully dodged a class-action lawsuit after a U.S. federal judge ruled that her JENNER memecoin does not qualify as a security under current law.

Judge Stanley Blumenfeld Jr. found that the token failed to meet the criteria of an “investment contract,” mainly because there was no pooling of investor funds or structured effort to generate profits through a shared enterprise. The court emphasized that simply promoting a token using celebrity influence does not automatically make it a security, even if buyers expected its value to rise.

The ruling effectively shuts down claims from investors who alleged losses after the token’s price collapse. It also reinforces a broader legal trend: many memecoins, especially those marketed for entertainment rather than utility or development, may fall outside traditional securities regulation unless clear financial structures are involved.

[tradelikepro]

lose money but legally fine, great combo