The US Securities and Exchange Commission (SEC) has targeted NFT creators and marketplaces in a new wave of regulatory action against unregistered securities.
Bloomberg’sPresident in a report Gary Gensler led by of the SEC, NFT generators and market places It is reportedly investigating for securities breaches. Anonymous sources in the report are the SEC’s, whether certain NFTs are used to raise money like traditional securities He claims to have researched. Also, the SEC’s enforcement attorneys are said to have sent subpoenas in the past few months requesting information about certain NFTs and other token offerings.
Crypto loan products have come under massive regulatory scrutiny over the past year. This report is the SEC’s F-NFTIt also reveals that he has a particular interest in how s (conversion of a valuable NFT into smaller pieces) is used.
Also known as “Crypto Mom” Hester Peirce‘of March 2021‘also F-NFT He said his sales could break the law.
You better be careful not to create anything that is an investment product.
Bitcoin (BTC) and Ethereum (ETH)While not under scrutiny because they are not considered securities by the SEC, other digital assets are under SEC scrutiny. SEC, February per month does not list high-yield loan products as securities. New Jersey-based crypto lending firm for BlockFito 100 million dollars ordered him to pay a record fine.
NFT sales continue to grow despite current reviews and market decline. NFT marketplaces looksRare and opensea‘also last 30 days in $10.7 billion trade volume.