The Defiant
Artists Sue The SEC to Get it to Say NFTs Are Not Securities
Cryptocurrencies & blockchain
Technology
Two artists are suing the Securities and Exchange Commission (SEC) to push the agency to declare that the non-fungible tokens (NFTs) linked to their creations are not securities.“Plaintiffs thus seek a declaratory judgment that their proposed NFT projects do notviolate U.S. securities laws—i.e., that they would not be engaging in the offer and sale of securities by merely publicly offering and selling their art as NFTs, attaching royalties to the NFTs, and/or marketing the NFTs and their perso..
