Some NFTs Are Probably Illegal. Does the SEC Care?

Some NFTs Are Probably Illegal. Does the SEC Care?

Commissioner Hester Peirce has words of advice for NFT makers and platforms.

Here’s a terrifying thought: The U.S. government still doesn’t really know how to regulate the $2.5 trillion crypto market. It’s not that the laws don’t exist, or that Congress is uninterested in digital assets – it’s more that there’s a lack of consensus on how to apply existing regulations to an industry that seems to mutate every few weeks.

This feature is part of CoinDesk’s “Policy Week,” a forum for discussing how regulators are reckoning with crypto (and vice versa).

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