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Daniel Kaltman
@danielkaltman
In its latest Order, the SEC is going after NFTs “omakase style.” https://www.sec.gov/files/litigation/admin/2024/33-11305.pdf
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Dana Farbo
@dafarbs
I like that there is dissent in the SEC over what a security is and what is not for tokens. Back in 2018, we launched into the security token market thinking that was the best way to stay compliant. But with virtually no liquidity, that was a bad move, regardless of the hype at the time. Innovation should be supported by a leading county like the USA but there also seems to be a naivety here. If not a security, then most likely it is a taxable event to Flyfish. Did they file taxes as income or are they a tax exempt entity? If you are pre-selling seats, seems taxable. If you are selling ownership, investment? All I want is clarity.
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