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Nadia Vanderhall
@nvknows
Usually share #crypto happenings in the evening… but this was something I wasn’t too shocked about and expected. When I saw the #SEC throw a lawsuit at #DapperLabs last year, I knew a shake up of some kind was coming down the pipeline. In short - what does Big Brother or The SEC want?! With the buzz and business is booming of #nft — they want to turn them into securities like #stocks and #bonds. Qualifying them as a security and meeting regulatory requirements. What’s prompting this? The federal agency is seeking information, in particular, on fractional NFTs — #crypto assets that have been divided or securitized, allowing many investors to own a fraction. If they can pass the the so-called “Howey Test,” a regulatory standard used to determine if a transaction has an “investment contract” — this might become a thing. Something to call out — outside of companies getting into #nft s, did you peep a while back where the #nyse filed some trademarks around their own #marketplace and even minted their own. Plus, checking for #stablecoins . As this area continues to boom — #NFTcreators are going to have to understand and watch how these rules could roll and how to leverage them better. Building a sound roadmap, utility and scale this sound strategy. While this news can be daunting, check to see how you can protect your neck and NFT. This will not be the floor for the #NFTCommunity. This hasn’t been confirmed, but where there’s smoke… Probably Something. While Public doesn’t offer NFTs or even have a marketplace — it’s still good to keep a push on how the SEC is moving with the regulation around crypto. Also — did anyone catch Jerome’s testimony to the Federal Services Committee? Looks like the Federal Interest rates will begin. But I gave some context in how this could make more people love #defi and #Crypto : bit.ly/3pwHC4o #cryptoadoption #nftrevolution #blockchain
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