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234 Artist and Musician Sue SEC Over Its NFT Regulatory Jurisdiction

Slashdot
EditorDavid @ Slashdot · 08/04/2024 10:34 EDT

Artist and Musician Sue SEC Over Its NFT Regulatory Jurisdiction

"Five years ago, Brian Frye set an elaborate trap," writes Decrypt.co. "Now the law professor is teaming up with a singer-songwriter to finally spring it" on America's Security and Exchange Commission "in a novel lawsuit — and in the process, prevent the regulator from ever coming after NFT art projects again."


Over and again, the SEC has sued cherry-picked NFT projects it says qualify as unregistered securities — but never once has the regulator defined what types of NFT projects are legal and which are

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