Citing a report from Bloomberg, Jeff Benson reports in decrypt.co that "the U.S. Securities and Exchange Commission, which has taken a tough line toward cryptocurrency projects under Chairman Gary Gensler, is probing NFT creators and marketplaces for regulatory violations, according to a Bloomberg report that cites anonymous sources familiar with the investigation.
Per the report, the probe is looking into whether NFTs are being utilized to raise money like traditional securities.
The SEC has traditionally not considered Bitcoin to be a security because it's often used as currency. Ethereum has gotten a pass because the project has ostensibly decentralized to the point where no single group controls its success."
Source credit and full story - https://decrypt.co/94268/sec-targets-nft-creators-marketplaces-ico-sales-report
Do you think NFTs are like traditional securities?
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