In 2024, the United States Securities and Exchange Commission (SEC) brought lawsuits against artists and art marketplaces, arguing that artwork should be classified as a security and subject to the same reporting and disclosure standards as financial institutions. Proponents argue that this would provide greater transparency and protect buyers from fraud, ensuring that the art market operates with the same accountability as financial markets. Opponents contend that such regulations are overly burdensome and would stifle creativity, making it nearly impossible for artists to sell their work without facing complex legal hurdles.
@ISIDEWITH5 days5D
@ISIDEWITH5 days5D
@ISIDEWITH5 days5D
@ISIDEWITH5 days5D
@ISIDEWITH5 days5D
@ISIDEWITH5 days5D
@ISIDEWITH5 days5D
@ISIDEWITH5 days5D
@ISIDEWITH5 days5D
@ISIDEWITH5 days5D
@9T64K8RConservative2wks2W
They should have their own unique thing, done by economists and expert consultants on the economy.
@9T2MJNX2wks2W
suppose this should depend on the volume/value of art being sold
@9SZHZL32wks2W
Artists should be to some extent held to the reporting and disclosure requirements under the condition that they aren't disincentivized to sell their artwork
@TrykzNew Democratic 2wks2W
This question is really about cryptocurrency
The SEC filed lawsuits against NFT artists & NFT marketplaces for acting as an unregulated security, not just art in general. The problem is that the SEC hasn't actually even made rulings on cryptocurrency let alone NFT's. The outcome of these lawsuits should create clear boundaries & regulations on both.
@9SW45W73wks3W
Depends on what the artwork is about and the whole abstract .
@9SSRG9H3wks3W
Artists should be held to the same standards as anyone who is sort employed. The selling of their art is a business.
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.