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Learning & News => News related to Crypto => Topic started by: newshunter on August 23, 2022, 07:00:51 PM

Title: Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee
Post by: newshunter on August 23, 2022, 07:00:51 PM

Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee

“The government has brought the instant prosecution using ill-founded applications of criminal law to set precedent in the digital asset space,” said Nathaniel Chastain’s lawyers.

Source: Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee (https://cointelegraph.com/news/prosecutors-want-to-claim-nfts-as-securities-alleges-legal-team-of-former-opensea-employee)

Would appreciate your opinion about this

Title: Re: Prosecutors want to claim NFTs as securities, alleges legal team of former OpenSea employee
Post by: Astra on August 23, 2022, 09:52:13 PM

It will be a difficult trial, although I am quite optimistic about its outcome. Firstly, the recognition or non-recognition of non-fungible NFT tokens as securities does not fall within the competence of the criminal process. Although they can attract relevant specialists to give certain conclusions. Also, as a general rule, a person cannot be accused of committing acts that were not at that time recognized as a crime. The process will be interesting and we need to track its progress.