Ethereum

I Sued The SEC

Collection

I Sued The SEC

Description

On July 27th, 2024, me and Brian Frye sued the SEC on behalf of NFTs. You remember what it was like back then: Every other day, Gary Gensler was issuing Welles Notices and enforcement actions against crypto projects. We were under siege. We set out with a very simple goal: Force the question to be answered once and for all. “Are NFTs securities?” At the heart of the lawsuit was THIS VERY NFT PROJECT that you are about to mint. I am pretty sure that this project (and Brian’s) are the first ever NFT projects to be featured in a federal lawsuit. Over the next year, our intrepid lawyer fought this battle on our behalf through legal briefings and oral arguments. And then: TRUMP. Once he was elected, everything changed for our lawsuit. All the urgency was gone. Crime was legal. The SEC was remade and enforcement actions ceased. And before long, our case had been dismissed. That was the end of our lawsuit. Earlier this year, the SEC put out real guidance saying that indeed, NFTS are NOT securities. They even used some language and examples that look like they came from our lawsuit in the guidance! We lost the battle, but won the war. Long live NFTs.

Token

Contract: 0xC9Ec...AD47
Token ID: 87

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