Fake news: SEC thinks NFTs are securities
OpenSea fans claim that SEC commissioners think all NFTs are securities, but like so many fake news events in crypto, it never happened.
Read more (4 min) →5 stories, newest first
OpenSea fans claim that SEC commissioners think all NFTs are securities, but like so many fake news events in crypto, it never happened.
Read more (4 min) →OpenSea claims that classifying NFTs as securities would misinterpret the law, jeopardize artists’ livelihoods, and stifle innovation.
Stoner Cats 2 LLC sold 10,000 NFTs priced at $800 each to fund an animated series starring Kunis, Ashton Kutcher, and Chris Rock.
The judge ruled that plaintiffs have “adequately alleged” that these NBA-themed NFTs passed the Howey Test.
The SEC wants to stop NFT projects mimicking the initial coin offering boom of 2018, which saw countless illegal securities sales.