This chapter explores the SEC's lawsuit against the Stoner Cats project, highlighting the classification of NFTs as securities and the legal challenges artists face. It discusses the emotional toll on artists and the creative responses emerging from regulatory scrutiny, including an ongoing lawsuit against the SEC for clarity on NFT classifications. The speakers emphasize the need for clearer guidelines to protect creativity and livelihoods in the evolving landscape of digital art.
Jonathan Mann has been writing a song a day for 16 years and 211 days. Today, he and Brian Frye are suing the SEC.
In today’s episode, Jonathan, better known as ‘Song a Day Man’ is joined by Brian Frye, a law professor at the University of Kentucky and NFT/security law expert.
Hear why Jonathan and Brian are suing the SEC, why this lawsuit is so important to the crypto industry as a whole, and what winning would mean for the future of our space.
0:00 Intro 4:58 Background on Suing 7:34 Jonathan Mann’s Backstory 9:58 Why Brian Got Involved 13:28 The 101 of the Lawsuit 17:22 What Does Winning Do? 22:14 Game Theory 25:14 Fear & Songs a Day 27:18 Logistics of the Suit 32:31 How to Support 34:41 Closing