Artists Challenge SEC on NFT Securities Status
Two artists are suing the SEC to clarify that their NFTs are not securities, seeking a ruling that offering art as NFTs with royalties does not breach securities laws. The lawsuit challenges the SEC's jurisdiction over NFTs and aims to prevent enforcement actions.
Concerns arise over the SEC's broad oversight of NFTs. In related news, DraftKings ends its NFT venture, while NFT sales decline, Ronin network gains users, and Atari explores classic games on the blockchain.
Stay updated on DeFi and Web3 developments at thedefiant.io.
The press radar on this topic:
Does the SEC Really Have Jurisdiction Over NFT Art? Two Artists Sue SEC to Get an Answer
Artists sue SEC over NFT status, DraftKings kills NFT business: Nifty Newsletter
Welcome!

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand