Cryptocurrencies, blockchain, NFT and new trends

Should Bored Apes or other NFTs be regulated as securities?


Should a Bored Ape be considered a security akin to stock in Apple (NASDAQ:AAPL) or Microsoft? TL;DR? No!

Winston Churchill, anticipating Securities and Exchange Commission Chair Gary Gensler, once called out “this world of sin and woe.” Let us now add to the litany of woe the possibility that Bored Apes, CryptoPunks and many other nonfungible tokens (NFTs) might be considered securities.

Todd White is the founder of the American Blockchain PAC. Ralph Benko is senior counselor to the group.

Continue Reading on Coin Telegraph