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

[newshunter]

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

Would appreciate your opinion about this

[Astra]

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.