Caitlyn Jenner's JENNER Token Lawsuit Dismissed by a Federal Court

A federal court in California has dismissed the JENNER Token Lawsuit filed against Caitlyn Jenner and her manager, Sophia Hutchins.

The lawsuit alleged fraud and securities law violations related to the promotion and sale of the JENNER token. However, the judge ruled that the plaintiffs failed to sufficiently show the required U.S. jurisdiction for the claims to proceed.

The court gave the plaintiffs a chance to file an amended complaint by May 23, 2025, and Caitlyn Jenner and Hutchins will have until June 6, 2025, to respond to any new filing.

What Led to the Dismissal of The JENNER Token Lawsuit?

The lead plaintiff, Lee Greenfield, is a UK citizen who claimed he lost over $40,000 trading the JENNER token. But the court noted that Greenfield did not provide details to prove his purchases happened in the United States. Without this, U.S. securities laws cannot be applied.

Judge Stanley Blumenfeld Jr. also stated that the complaint lacked enough facts to determine if Caitlyn Jenner incurred liability in the United States.

“The lawsuit alleges no facts regarding where or how Jenner provided this liquidity,” the judge wrote in his ruling.

Greenfield alleged that he bought the JENNER token on both the Ethereum and Solana blockchains. But the court ruled that simply using these platforms does not show a U.S.-based transaction, and as a result, all nine legal claims were found insufficient. This lawsuit comes amid the growing backlash of celebrity-linked cryptos like the Conor McGregor memecoin failure.

Details of the JENNER Token Launch and Lawsuit Claims

The JENNER token was launched in May 2024 on the Solana blockchain through Pump Fun. Soon after, Caitlyn Jenner launched a nearly identical token on Ethereum. This caused confusion and reportedly reduced the value of the original token.

The JENNER Token Lawsuit argued that the launch of a second version misled buyers and decreased the worth of their holdings. The lawsuit also claimed Jenner promoted another token called $BBARK between the two launches, even though she said she was focused on her namesake tokens.

This type of accusation has been increasing recently. US President Donald Trump is also in a tussle with Senators like Elizabeth Warren, who are demanding an investigation into his ties to the cryptos he endorses. The president has also faced backlash for his involvement with the TRUMP meme coin.

Greenfield’s legal team claimed that Caitlyn Jenner benefited by receiving a 3% fee on each transaction of the Ethereum version. However, the court stated that the complaint lacked sufficient detail about the token sales, transactions, or any written contracts to support these claims.

The class-action lawsuit also accused Hutchins of aiding and abetting Jenner. But the judge ruled that these claims lacked enough factual support to continue.

Court Allows Amendment But Sets Strict Conditions

Although the case has been dismissed, the court left room for a new filing. Plaintiffs must clarify where and how the token purchases took place and provide a stronger legal argument.

Judge Blumenfeld warned the plaintiffs that the amended complaint must be more focused and “judiciously pleaded” to meet legal standards. The judge also noted that the court would not allow a new U.S.-based lead plaintiff to be substituted for Greenfield.

The legal team, headed by Jack Fitzgerald of Fitzgerald Monroe Flynn PC, said they plan to continue with the case. “We are pleased the Court recognized we may be able to state some claims,” Fitzgerald said in a statement.

JENNER Price Soars Amid Lawsuit Dismissal

The decision in the JENNER Token Lawsuit comes amid a steep decline in the JENNER price. According to CoinMarketCap, the token has dropped from a peak market cap of $7.5 million in June 2024 to just $492.13K as of May 2025, and a recent 24-hour trading volume was only $103.56 K. However, as of press time, the JENNER price was up 2% from the intraday low, trading at $0.0005001.

Many investors have expressed concern over the token’s crash. While the court has not yet ruled on whether the JENNER token qualifies as a security, it noted that such a decision would depend on future filings and evidence.