🚨 **Breaking News in the NFT Space!** 🚨

Two American artists, Brian Frye and Jonathan Mann, have filed a lawsuit against the U.S. SEC, seeking a declaratory judgment to protect their upcoming NFT projects from potential regulatory action. They argue that recent SEC enforcement actions against other NFT projects, like Impact Theory and Stoner Cats, have set a concerning precedent of regulatory overreach.

- **Key Points:**

- The lawsuit aims to clarify whether NFTs fall under U.S. securities laws.

- SEC's actions have caused a "chilling effect" on NFT artists.

- Major companies like DraftKings are also impacted, recently shutting down their NFT business.

What are your thoughts on this regulatory battle? Share your opinions in the comments! 👇