SEC scrutinizes NFT market over illegal crypto token offerings
In using his huge platform to promote a digital asset he owns, Jimmy Fallon invited uncomfortable questions about the role of celebrity influence in the NFT craze.
The NFT market exploded last year, drawing attention for multimillion-dollar sales and buy-ins from celebrities, whom some of the assets depict. In addition to serving as representations of physical collectibles, backers of the tokens often tout their value as digital certificates of authenticity that can’t be replicated.
A key legal question is whether digital assets including NFTs are securities, and therefore subject to the same rules as stocks. Although the SEC has said that many tokens fall under its purview, some crypto enthusiasts argue regulations meant to police the equity markets shouldn’t also apply to virtual currencies.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What's the Most Profitable NFT Strategy: Buying at Mint or Later?They say timing is everything, but does it apply to NFTs? It may seem that getting NFTs early is the better strategy, but there are advantages to waiting and watching, too. JoeCortez weighs the pros and cons:
Read more »
CryptoPunk NFT Is Latest Donation to Ukraine’s $33M CampaignUkraine’s crypto donations campaign has yielded an NFT status symbol: a $200,000 CryptoPunk. realDannyNelson reports
Read more »
Skate Punks Club NFT Sales - March 4 and 5, 2022 – Press release Bitcoin NewsPRESS RELEASE. Skatepunks is a collection of 10,000 unique characters designed and minted as NFTs. Created out of love for SK8 and street-art culture
Read more »
Billboard & World of Women Celebrate Mariah Carey With NFT Magazine Cover.mariahcarey is Billboard's latest cover star, and one of three iconic women featured in Billboard x worldofwomennft NFTs launching during this year's BBWomenInMusic broadcast. 💜 Find out how you can get them exclusively on the FTX_Official app:
Read more »
Crypto Influencers Promoting NFT Scams Could Face Class-Action Lawsuit After Bitconnect CaseThanks to Bitconnect case, thousands, if not millions, of NFT enthusiasts can join class-action lawsuits against influencers that promote scams and rugpulls
Read more »
From lunch to Solana: Here’s the story of the NFT ATM in New YorkEver thought of buying NFTs on the street? Solana-based NFT marketplace Neon deploys an NFT ATM in the financial district of New York, giving people a very familiar way to acquire nonfungible tokens.
Read more »