this post was submitted on 27 Aug 2024
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“Should art be regulated by the SEC?” NFT artists file lawsuit (arstechnica.com)
submitted 1 month ago by Xatolos@reddthat.com to c/technology@lemmy.world
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[–] SnotFlickerman@lemmy.blahaj.zone 22 points 1 month ago* (last edited 1 month ago)

And legal regulations around the deeds for land ownership are different laws than the legal regulations for how you can use the land.

But conflating the two as the same thing is the purpose of this lawsuit, even though it's clear as fucking day that they are regulating the deal-making-instrument (the NFT) and not the art itself, which, once again, is a separate entity from the NFT.