artivism

SuperRare

Is an Art NFT a security? 

Brian L. Frye and Jonathan Mann are suing the SEC making the case that Art is not a Security.

On August 28, 2024, OpenSea announced that it had received a Wells notice, which means that the US Securities and Exchange Commission (SEC) is considering an enforcement action. 

The SEC is overreaching and needs to be corrected. That’s why they are suing, asking a federal court to tell the SEC it can’t regulate art just because people are selling it as NFTs.

https://opensea.io/assets/zora/0x430095df3b880cabd2891d7af0acba66d91371c4/158

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