this post was submitted on 27 Aug 2024
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88
“Should art be regulated by the SEC?” NFT artists file lawsuit (arstechnica.com)
submitted 2 months ago by Xatolos@reddthat.com to c/technology@lemmy.world
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[–] TheImpressiveX@lemmy.ml 11 points 2 months ago* (last edited 2 months ago) (11 children)

I thought the whole point of crypto/blockchain technologies was to avoid government regulations?

EDIT: Never mind, they're suing because the SEC declared them as securities, which the artists don't want.

[–] RobotToaster@mander.xyz 4 points 2 months ago (1 children)

It looks like they're suing because the SEC declared them as a security, and the artists don't want them to be classed as one.

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