Jake Chervinsky
@jchervinsky
The SEC has fully lost the plot. The idea that a financial markets regulator established in the 1930s would have jurisdiction over digital art in the 2020s defies not only common sense but also the SEC's statutory authority. Thanks to @opensea for fighting the good fight 🫡
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Greg Lang
@designheretic
If it weren’t such an effective deterrent on new entrants to the space I’d be very amused by the contradiction-in-terms implicit in the idea of a non-fungible security Analogous absurdities include “flightless aircraft” and “food-grade poison”
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Jack Miller
@cosimojack.eth
I obviously agree overall but honestly Yuga Labs made so many poor and irresponsible decisions you can easily make the case that they made Bored Apes trigger securities laws and in doing so endangered the whole ecosystem
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BPetes
@bpetes.eth
Crazy. What overlap if any could this have with @jmann.eth recent announcement to sue the SEC?
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Alditrus
@alditrus
What's the possibility of Gensler getting fired before his term ends? He needs to go.
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Millia
@nxw
Regulations are bad, regulators are even worse
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alpurrt [🔵🧀 🎩 🌈]
@alpurrt
Jake what ever came of that probe into Yuga by the SEC circa end of 2022? I’m not seeing anything on Google. 🤔
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Metaphorical Leo
@hyp
Wait ‘til they hear about GoDaddy.
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