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ROLLUP: Bitcoin's ATH Run | AI Memecoin Meta | Blobs Price Discovery | Microsoft Buying Bitcoin?
Bankless
Irony in Legal Maneuvers
Jonathan Mann, known for his daily song creations, triggers a pivotal legal response from the SEC regarding the classification of NFT art as a security. His lawsuit challenges the SEC's stance and highlights their long-standing ambiguities in crypto regulation. The SEC argues that Mann's NFT collection was merely a troll attempt, yet this irony flips the narrative of the SEC's own historical dismissiveness towards the crypto sector. This situation underscores the challenges citizens face due to unclear regulatory frameworks and the complexities of legal interpretations in the rapidly evolving digital asset landscape.
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