According to Wu Blockchain, lawyer Ariel Givner disclosed that the U.S. District Court for the Southern District of New York has dismissed the securities allegations against the related meme coins in the Pump fun class-action lawsuit, as well as all claims against Solana Labs, Solana Foundation, and related executives. The court ruled that the tokens in question do not meet the 'common enterprise' requirement of the Howey Test. However, Pump fun is not completely off the hook yet, as allegations of RICO fraud and unlicensed money transmission operations against its operating company and three founders have been allowed to proceed. The case will now enter the discovery phase. https://(wublock123.com)/news/news-67562