Artists sue SEC over whether NFTs are securities, use Taylor Swift tickets as example | Headlines | News | CoinMarketCap
07/30/2024 04:09
A pair of NFT artists sued the U.S. Securities and Exchange Commission to seek a court's answer on whether non-fungible tokens fall under the …
The Block Crypto News19 minutes ago
Foresight
SEC
Taylor Swift
Impact
Block
Published on July 29, 2024 20:49 GMT+00:00edited on July 29, 2024 20:54 GMT+00:00
A pair of NFT artists sued the U.S. Securities and Exchange Commission to seek a court's answer on whether non-fungible tokens fall under the agency's jurisdiction.
Law professor Brian Frye and "Song a Day Mann" songwriter Jonathan Mann filed the complaint against the SEC and its five commissioners on Monday in the U.S. District Court in the Eastern District of Louisiana.
Lawyers for Frye and Mann accused the SEC of waging a "campaign to assert jurisdiction over sales of digital art," citing two recent cases of the agency honing in on NFTs. Both have NFT projects in the works and are seeking a declaratory judgment from the court.
The SEC brought its first NFT charges against the YouTube channel and podcast studio Impact Theory almost a year ago. The agency said Impact Theory …