Hester Peirce Slams SEC for 'Misguided and Overreaching' Cases in Flyfish Club NFT Dissent

Quick Summary:

The application of SEC rule to the Flyfish Club NFT case was "harmful both in the present case and as future precedent," the commissioners wrote.

The statement expressed enthusiasm about the potential of creative people, like chefs or artists, to make money from their work, saying that these type of experiments are “not a threat to the American investor.

The SEC justified the recent judgment, by saying they had told NFT buyers they could “potentially profit” from buying the NFTs.

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Article Details

Author / Journalist: Will McCurdy

Category: Crypto

Markets: Estonia

Topics: Flyfish Club SEC lawsuit Nfts NFTs SEC Flyfish Securities and Exchange Commission Settlement NFT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 13:32:47 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 22567531

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 1 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 1 days ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #63

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