Xatolos@reddthat.com to Technology@lemmy.worldEnglish · 3 months ago“Should art be regulated by the SEC?” NFT artists file lawsuitarstechnica.comexternal-linkmessage-square24fedilinkarrow-up13arrow-down10
arrow-up13arrow-down1external-link“Should art be regulated by the SEC?” NFT artists file lawsuitarstechnica.comXatolos@reddthat.com to Technology@lemmy.worldEnglish · 3 months agomessage-square24fedilink
minus-squareTheImpressiveX@lemmy.mllinkfedilinkEnglisharrow-up0·edit-23 months agoI 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.
minus-squareRobotToaster@mander.xyzlinkfedilinkEnglisharrow-up0arrow-down1·3 months agoNo worse than any other form of modern “art”
minus-squarebatcheck@lemmy.worldlinkfedilinkEnglisharrow-up0arrow-down1·3 months agoI believe NFTs are actually a good idea on paper for this use case. Our implementation of the idea is weird though. I don’t know why the SEC though. NFTs are not “money”. It’s a contract that shows ownership. It’s a legal issue in my opinion
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.
“artists”
No worse than any other form of modern “art”
I believe NFTs are actually a good idea on paper for this use case. Our implementation of the idea is weird though.
I don’t know why the SEC though. NFTs are not “money”. It’s a contract that shows ownership. It’s a legal issue in my opinion