Analysis: The key point of SEC's Well Notice to OpenSea is whether the assets are on the chain
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Odaily Odaily reported that regarding the SEC's Well Notice to OpenSea, law professor Brian Frye and artist Jonathan Mann said in an interview with DL News: "Suing OpenSea is like suing eBay for selling trading cards, or suing Sotheby's for selling artworks. The only criterion for the SEC is whether the asset is on the blockchain." Earlier, two NFT artists sued the US SEC over whether NFTs are securities and their jurisdiction. Law professor Brian Frye and "Song a Day Mann" songwriter Jonathan Mann filed a lawsuit against the SEC and its five commissioners in the United States District Court for the Eastern District of Louisiana on Monday. The two artists' lawyers accused the SEC of launching a "movement" for jurisdiction, and cited Taylor Swift's tickets as an example, believing that it was ridiculous for the SEC to classify NFTs as securities, and also cited the agency's two recent cases against NFTs.
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