Philip Moustakis Quoted in DL News Article Titled, “OpenSea axed NFTs that behaved like securities for years before SEC scrutiny”
October 1, 2024
Government Enforcement & Internal Investigations and Blockchain & Cryptocurrency partner Philip Moustakis was quoted in a DL News article titled, “OpenSea axed NFTs that behaved like securities for years before SEC scrutiny.”
“If the SEC sues OpenSea, it would have to show that certain NFT collections the company listed are unregistered securities,” said Philip.
“Can you use an NFT to make a securities offering? Absolutely,” he told DL News.
Philip added that it’s not about the technology, but rather the offering, or the initial sale of objects, which can be pieces of paper, computer code, or even citrus groves.
Click here to read the full article.
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Philip Moustakis
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moustakis@sewkis.com