2024-07-31 23:55:08
Art
Regulation
Blockchain

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 Defiant
30. Juli 2024 um 16:39

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..
CoinDesk
31. Juli 2024 um 17:18

Does the SEC Really Have Jurisdiction Over NFT Art? Two Artists Sue SEC to Get an Answer

Cryptocurrencies & blockchain
Economy
Technology
Other entities sue SEC preemptively to prevent enforcement actions; concerns over SEC's expansive NFT oversight.
Cointelegraph.com News
31. Juli 2024 um 19:00

Artists sue SEC over NFT status, DraftKings kills NFT business: Nifty Newsletter

Cryptocurrencies & blockchain
Economy
Finance
Technology
Artists sued SEC over NFT status; DraftKings killed NFT business; NFT sales hit 2024 low; Ronin surpassed networks in users; Atari bringing classic games onchain.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

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

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!