Caitlyn Jenner Misled Cryptocurrency Investors, Lawsuit Says

Former Olympic gold-medalist Caitlyn Jenner and her business partner violated federal and state securities laws in their promotion of $JENNER, a memecoin cryptocurency, a Wednesday complaint says.

Jenner is the latest in a string of celebrities to face lawsuits over their promotion of cryptocurrencies. Memecoins like hers areblockchain-based digital assets that draws inspiration from memes, characters, trends, and social media accounts, deriving value from the success or failure of its promoter to attract and sustain community engagement in the project, the complaint says.

Plaintiffs Naeem Azad and Mihai Caluseru, who purchased $JENNER in May, say they wouldn’t have invested in ...