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NFTs News

SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds

October 17, 2022 - Around 2 mins mins to read
The Securities and Exchange Commission (SEC) of the United States has been actively investigating key digital asset exchanges and service providers to send a message to the market. However, various stories have surfaced indicating that the commission officials are divided on some policies.
SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds
SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds 4

According to the Financial Times, SEC commissioner Hester Peirce has claimed that the US watchdogs have kept NFT developers and investors uninformed of rules. They are unsure which NFTs may qualify as securities.

Hester recommended that some non-fungible tokens be regulated, like stocks or bonds, in the future. While she requested that the commission disseminate more information about market restrictions.

SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds
SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds 5

As CoinCu reported, the commission has opened an investigation into the parent firm of the Bored Ape Yacht Club (BAYC), Yuga Labs. The commission is investigating whether the NFT developers broke the law when they sold their Bored Ape collectibles.

Hester Peirce, on the other hand, stated that digital collectibles that provide investors the right to revenue streams might fall under Securities rules. She also mentioned that tokens that are divided and traded on the market might fall into this category.

SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds
SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds 6

On the one hand, while the SEC commissioner is requesting greater and enhanced market regulation, Gary Gensler has maintained his opposition to new laws. He even said that the current laws are enough for the market.

However, the SEC chair has opted to take a harsh stance on the digital asset market. He also referred to it as the Wild West, implying that all platforms should register with regulators.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

BAYC

Gary Gensler

hester peirce

SEC

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
NFTs News

SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds

The Securities and Exchange Commission (SEC) of the United States has been actively investigating key digital asset exchanges and service providers to send a message to the market. However, various stories have surfaced indicating that the commission officials are divided on some policies.
SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds
SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds 10

According to the Financial Times, SEC commissioner Hester Peirce has claimed that the US watchdogs have kept NFT developers and investors uninformed of rules. They are unsure which NFTs may qualify as securities.

Hester recommended that some non-fungible tokens be regulated, like stocks or bonds, in the future. While she requested that the commission disseminate more information about market restrictions.

SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds
SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds 11

As CoinCu reported, the commission has opened an investigation into the parent firm of the Bored Ape Yacht Club (BAYC), Yuga Labs. The commission is investigating whether the NFT developers broke the law when they sold their Bored Ape collectibles.

Hester Peirce, on the other hand, stated that digital collectibles that provide investors the right to revenue streams might fall under Securities rules. She also mentioned that tokens that are divided and traded on the market might fall into this category.

SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds
SEC Commissioner Said Some NFTs Could Be Regulated Like Stocks Or Bonds 12

On the one hand, while the SEC commissioner is requesting greater and enhanced market regulation, Gary Gensler has maintained his opposition to new laws. He even said that the current laws are enough for the market.

However, the SEC chair has opted to take a harsh stance on the digital asset market. He also referred to it as the Wild West, implying that all platforms should register with regulators.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News