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.
Statistics are shown for this demographic
Province/Territory
Response rates from 825 Canada voters.
49% Yes |
51% No |
49% Yes |
51% No |
Trend of support over time for each answer from 825 Canada voters.
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Trend of how important this issue is for 825 Canada voters.
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Unique answers from Canada voters whose views went beyond the provided options.
@9SSRG9H3mos3MO
Artists should be held to the same standards as anyone who is sort employed. The selling of their art is a business.
@9YKMT522wks2W
yes but only after making a certain income off their work
@9W222F21mo1MO
Yes, but only if the price of said artwork is over a certain threshold.
@9VJ6C4K2mos2MO
For large companies yes but small businesses should be able to dictate their own standards as it is not the same for small companies as for large companies.
@9T2MJNX3mos3MO
suppose this should depend on the volume/value of art being sold
@9SZHZL33mos3MO
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
@Trykz 3mos3MO
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.
@9T64K8R3mos3MO
They should have their own unique thing, done by economists and expert consultants on the economy.
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