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NBA Reviews Nets Player’s Plan to Sell Crypto Bond Tied to His Earnings

Spencer Dinwiddie of the Brooklyn Nets attempts a shot during a game in Brooklyn in 2019.

Spencer Dinwiddie of the Brooklyn Nets attempts a shot during a game in Brooklyn in 2019.

Photographer: Emilee Chinn/Getty Images

The National Basketball Association is reviewing a revised plan by the Brooklyn Nets’ Spencer Dinwiddie to sell a tokenized investment vehicle based on his future earnings.

“Spencer Dinwiddie’s advisers provided us with new information regarding a modified version of their digital token idea, which we are reviewing to determine whether the updated idea is permissible under league rules,” the NBA said in a statement.