{"id":4380,"date":"2025-02-25T22:46:49","date_gmt":"2025-02-25T22:46:49","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/secs-new-stance-wont-impact-investor-lawsuit-against-nft-horse-racing-platform-game-of-silks-lawyer-says\/"},"modified":"2025-02-25T22:46:49","modified_gmt":"2025-02-25T22:46:49","slug":"secs-new-stance-wont-impact-investor-lawsuit-against-nft-horse-racing-platform-game-of-silks-lawyer-says","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/secs-new-stance-wont-impact-investor-lawsuit-against-nft-horse-racing-platform-game-of-silks-lawyer-says\/","title":{"rendered":"SEC&#8217;s New Stance Won&#8217;t Impact Investor Lawsuit Against NFT Horse Racing Platform Game of Silks, Lawyer Says"},"content":{"rendered":"\n<div data-v-e97bc92c=\"\">\n<div data-v-e97bc92c=\"\">\n<p>Game of Silks Inc., a horse-racing-themed non-fungible token platform, and its officers are facing accusations of selling unregistered securities to investors and misleading them about the project\u2019s viability in the U.S. District Court for the Southern District of Florida. <\/p>\n<\/div>\n<p>  <!----> <!----> <!----><\/p>\n<div data-v-e97bc92c=\"\">\n<p>Lead counsel, Max Burwick, the managing partner at<a href=\"https:\/\/www.burwick.law\/\" rel=\"nofollow noopener\" target=\"_blank\"> <u>Burwick Law<\/u><\/a>, and attorneys from<a href=\"https:\/\/www.wolfpopper.com\/\" rel=\"nofollow noopener\" target=\"_blank\"> <u>Wolf Popper<\/u><\/a>, represent the plaintiffs, Cary Cantner and the prospective class. The lawsuit follows the U.S. Securities and Exchange Commission&#8217;s decision to not pursue litigation directed by the agency\u2019s ex-chairperson, Gary Gensler,<a class=\"Enhancement rte2-style-brightspot-rte-link-LinkRichTextElement rte2-style-brightspot-rte-link-LinkRichTextElement-start rte2-style-brightspot-rte-link-LinkRichTextElement-end\" label=\" Gensler, against OpenSea\" presentation=\"role\" href=\"https:\/\/www.law.com\/nationallawjournal\/2025\/02\/21\/opensea-says-sec-has-ceased-enforcement-action-into-nft-exchange\/\" rel=\"nofollow noopener\" target=\"_blank\"> <u>against OpenSea<\/u><\/a> for the unregistered sale of securities in connection with NFTs.<\/p>\n<\/div>\n<p> <!----> <!----> <!----> <!----><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Game of Silks Inc., a horse-racing-themed non-fungible token platform, and its officers are facing accusations of selling unregistered securities to investors and misleading them about the project\u2019s viability [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2822,4816,2476,2012,303,107,3195,1458,4817,3945,4818,4408,916],"class_list":["post-4380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-game","tag-horse","tag-impact","tag-investor","tag-lawsuit","tag-lawyer","tag-nft","tag-platform","tag-racing","tag-secs","tag-silks","tag-stance","tag-wont"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=4380"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/4381"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=4380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=4380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=4380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}