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🚨 News Alert 🚨
Artists #sue SEC over confusing security status of #NFTs.
📢 Two artists have filed a lawsuit against the United States Securities and Exchange Commission (SEC), seeking clarity on the regulatory status of #nonfungible tokens (NFTs). The plaintiffs, law professor and filmmaker Brian Frye and songwriter Jonathon Mann, are represented by attorneys who aim to determine which specific actions related to the creation and sale of NFT art might trigger the application of #USsecurities laws
☢️ This legal move highlights the growing need for regulatory guidance in the rapidly evolving #NFT space
Artists #sue SEC over confusing security status of #NFTs.
📢 Two artists have filed a lawsuit against the United States Securities and Exchange Commission (SEC), seeking clarity on the regulatory status of #nonfungible tokens (NFTs). The plaintiffs, law professor and filmmaker Brian Frye and songwriter Jonathon Mann, are represented by attorneys who aim to determine which specific actions related to the creation and sale of NFT art might trigger the application of #USsecurities laws
☢️ This legal move highlights the growing need for regulatory guidance in the rapidly evolving #NFT space