Caitlyn Jenner just caught a legal W — but it’s not the end of the saga.
On May 9, a California judge said “nah” to a class-action lawsuit from some salty JENNER token investors who lost serious bags. One guy from the UK, Lee Greenfield, claimed he dropped $40K into the coin, only to watch it nosedive harder than crypto in a bear market. 💀
The court’s reason? The lawsuit didn’t bring the receipts. Judge Blumenfeld said they failed to prove securities fraud or that Caitlyn was capping about her involvement. Even posts on X (formerly Twitter) hyping the token weren’t enough to prove deception. And claims against her manager Sophia Hutchins? Also tossed.
So What Actually Happened?
- JENNER launched on Solana via Pump.fun in May 2024
- Got messy real quick with Jenner accusing Sahil Arora of scamming
- She relaunched the token on Ethereum, taking a 3% fee on trades
- OG Solana version tanked 📉 from a $7.5M peak to just $58K now
Investors said this move wrecked their bags and made her richer. But the judge didn’t say if JENNER was a security — just that the case was too weak right now.
He gave them until May 23 to clean up the case and try again. Their lawyer, Jack Fitzgerald, is staying in fight mode and says they’re going for Round 2. 🥊
This isn’t just a Jenner problem. It’s a classic case of celebs + crypto = chaos. And the court’s still open to hearing more if the claims are stronger next time.
So stay tuned. The token’s dead, but the drama’s still very much alive.
You might find interesting: 3 Reasons Solaxy ($SOLX) Is Solana’s Game-Changer in 2025
