According to Odaily Planet Daily, law professor Brian Frye and artist Jonathan Mann said in an interview that suing OpenSea is like suing eBay or Sotheby's, and the SEC's only criterion is whether the asset is on the blockchain.

Earlier news, two NFT artists sued the U.S. SEC over whether NFT is a security and its jurisdiction. Brian Frye and Jonathan Mann filed a lawsuit in the U.S. District Court for the Eastern District of Louisiana on Monday.

Lawyers for the two artists accused the SEC of launching a "campaign" to fight for jurisdiction, citing Taylor Swift's tickets as an example, arguing that it was ridiculous for the SEC to classify NFTs as securities, and also cited the agency's two recent cases against NFTs.