California Judge Dismisses Class-Action Against JENNER Memecoin

A federal judge in California has dismissed a class-action lawsuit against Caitlyn Jenner's JENNER memecoin. According to NS3.AI, the court ruled that the complaint failed to plausibly demonstrate that the token was an unregistered security under U.S. law. The lawsuit, led by Lee Greenfield, claimed losses exceeding $40,000 on the JENNER token. Judge Stanley Blumenfeld Jr. stated that Jenner's promotion of the token alone did not constitute a common enterprise.