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 @ISIDEWITHNewsDaily DiscussionmediaSocial MediaEnforcement1yr ago

Federal Government Targets Non-fungible Token (NFT) Marketplace

Non-fungible token (NFT) marketplace OpenSea received a notice from the U.S. Securities and Exchange Commission (SEC) that it intends to pursue an enforcement action, the company disclosed on Wednesday.

"OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities," OpenSea's CEO Devin Finzer wrote on social media platform X.

"We're shocked the SEC would make such a sweeping move against creators and artists. But we're ready to stand up and fight," he added.

Wells notices are preliminary warnings that inform respondents of the charges the regulator is considering bringing against them. They usually lead to enforcement actions.

Finzer said his company will fight the notice and pledged $5 million to help cover legal fees for any NFT creators and developers that may also get such a notice.

7 Replies

 @Tr3atyMareVeteranfrom Maine  commented…1yr1Y

If an NFT is a security then so is a baseball card. GENSLER NEEDS TO GO.

 @EggsGenesisLibertarianfrom Wisconsin  agreed…1yr1Y

Harris needs to dismiss Warren from pressuring Gensler. He a mere puppet. And Harris ain’t doing anything to stop the abuse of power.

 @CynicalUnityAmerican Solidarity from Ohio  commented…1yr1Y

It's not Gary screwing up.

It's the ENTIRE party.

Gary has not gone rogue and isn't attacking without internal influence.

Or am I wrong here and missing something?

 @K3ynesianZebraLibertarian from Washington  commented…1yr1Y

Gary gensler screws up again.

 @SoulfulOryxRepublican from Illinois  commented…1yr1Y

The only way Gensler is rightfully booted is if Trump wins

She’s going to make him Treasury Secretary and it will all get so much worse

 @ISIDEWITHasked…1yr1Y

If a creator's digital content is targeted by government regulations, what responsibilities do platforms like OpenSea have towards them?

 @ISIDEWITHasked…1yr1Y

Should the effort to regulate digital marketplaces be seen as protection for consumers or a restriction on digital freedom and creativity?

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 @ISIDEWITH submitted…1yr1Y

Biden retaliated against a Dem who called for him to step aside

Rep. Hillary Scholten, a first-term Democrat who flipped a traditionally Republican seat in 2022, was booted last week from from a coordinated effort between the the Biden campaign and the state party to elect candidates up and down the ticket, according to four people with knowledge of the situation, who were granted anonymity to speak candidly about private discussions.It happened soon after she called for Biden to step aside, those people said, which angered many Democrats behind the scenes. The Biden campaign was contacted by POLITICO Wednesday evening; Scholten was reinstated Thursday morning.“Rep. Scholten is welcome at the coordinated campaign and we look forward to campaigning with her this fall,” said Mia Ehrenberg, a spokesperson for the Biden campaign, when asked about Scholten’s removal from the coordinated campaign.The initial decision to remove Scholten from the joint effort — which would have essentially cut her off from the combined field effort between the presidential, Senate and House races — came from the Michigan state party, according to two people familiar with the discussions. If she had remained excluded from the coordinated effort, it could’ve meant that when Democratic organizers were campaigning in her district, they would tout Biden and the party’s Senate nominee — but not Scholten.The Michigan Democratic Party declined to comment. But two people familiar with discussions said Scholten had specifically infuriated state leaders when she spoke out against Biden — on the same day that the president was already visiting Michigan — without informing them of her plans, according to the two people.“This decision was made in Wilmington, full stop,” a Democratic operative who’s worked on competitive House races said. “Punishing her isn’t just petty and vindictive, it’s self-defeating.”An official for the Biden campaign denied that: “This did not come from Wilmington.”

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 @ISIDEWITH submitted…11mos11MO

Trump’s Doom vs. Harris’s Hope as America Decides Its Fate

Donald J. Trump and Kamala Harris closed out their campaigns in the final hours before Election Day in starkly different moods: The former president, often appearing drained at arenas that were not filled, claimed that the country was on the brink of ruin, while the vice president promised a more united future as energized supporters chanted alongside her, “We’re not going back.”In stop after stop, the presidential rivals essentially offered up two competing versions of reality on Monday and into early Tuesday. Mr. Trump repeatedly raised the specter of unchecked immigration and the dangers of Democratic policies as he spoke to crowds in North Carolina and Pennsylvania before closing with a midnight rally in Michigan.With a comparatively more optimistic message, Ms. Harris crisscrossed Pennsylvania, which holds 19 electoral votes that could decide the race. Stopping in Scranton, Allentown and Pittsburgh before a nighttime rally in Philadelphia, Ms. Harris talked about bolstering the economy and restoring federal abortion rights. She asserted that Americans were “exhausted” and ready to move on from the politics of the past decade.About 30 miles to the southwest, Mr. Trump was in Reading, Pa., broadly portraying undocumented immigrants as mentally ill criminals and calling those accused of crimes “savages” and “animals.”Both leaned on Hispanic supporters as they tried to rally Latino voters. The pro-Harris rapper Fat Joe, who is Puerto Rican, practically shamed his fellow Latinos in Allentown as he asked, “Where’s your pride?” Mr. Trump, still facing fallout from his rally in New York at which a comedian called Puerto Rico a “floating island of garbage,” brought Roberto Clemente Jr., the son of the Puerto Rican baseball legend, to the stage at a rally in Pittsburgh.But Mr. Trump, reaching the end of a grueling marathon of a campaign that began in 2022, looked visibly weary, battling fatigue in front of listless crowds, though he was relatively more upbeat and energized in Michigan. Ms. Harris, still appearing fresh after a three-month sprint, appealed for unity and pressed the contrast to her rival without uttering his name.“The measure of a true leader is based not on who you beat down,” she said. “It is based on who you lift up.”Despite the sharply different tones, polls suggest the race remains tight, with the final New York Times/Siena College surveys showing the candidates tied or holding only narrow leads in all of the seven battleground states.

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