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Kiplinger
Kiplinger
Business
Zain Jaffer

No, NFTs Should Not Be Labeled Securities

The acronym NFT floats around in balloons above a smartphone held by a woman.

In late August, the U.S. Securities and Exchange Commission sent a Wells notice to the popular non-fungible token (NFT) marketplace Opensea alleging its platform’s tokens are “unregistered securities.” While a Wells notice is merely an advance notice to a recipient that the SEC intends to bring a legal suit forward, it has already created controversy among NFT holders.

Crypto vs NFTs

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