NFTs May Be Equated to Securities in the US

NFTs May Be Equated to Securities in the US

SEC officials are already examining whether NFTs could be considered securities. 

The Securities and Exchange Commission (SEC) started studying the compliance of NFTs and securities. Bloomberg reports about it referring to their own sources. If the correspondence of non-fungible tokens and securities is established, NFT transactions will fall under the relevant legislation. 

The issue has been under study for months. The SEC’s Legal Department has sent a number of inquiries to token creators and NFT marketplaces to gather more information. The main thing regulators intend to determine is whether non-fungible tokens are being used to raise money. First and foremost, we are talking about fragmented NFTs. 

A year ago, SEC Commissioner Hester Peirce suggested that tokens of this type and the index baskets they form could be considered investment contracts. If so, they would fall under the regulation of US securities laws.

#NFT news

Transactions on Ethereum May Become Reversible
Apple to Get 30% of NFT Sales 
Southeast Asian Crypto Users Most Interested in NFTs 
Become a member of the CoinsPaid Media Community and start using crypto before it goes mainstream
Subscribe to the newsletter and training materials