New Jersey moves for summary judgment against TikTok over currency function
( September 18, 2026, 16:16 GMT | Official Statement) -- MLex Summary: New Jersey Attorney General Matthew J. Platkin moved for a motion for summary judgment against TikTok for violating the state's money transmission law because the application was acting as a money transmitter without the proper licensing through its coins and other creator rewards that function as currency, according to court documents. Platkin is moving for motion for summary judgment as part of the state's case alleging TikTok violated consumer protection law through deceptive buisness practices that harmed children.See attached document....
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