Good thinking, Sylvain. The SEC is already targeting the DEX component of the DeFi (Uniswap), and it is just matter of time when NFTs get into their crosshairs. Especially in case of fractionalized NFTs. Dapper Labs is already dealing with private class action which claims that certain NFTs are securities. As for wash trading, I know from my own experience that DEXes are more prone to it than CEXes as the latter are maturing and also want to avoid regulatory trouble. Same wash trading risk likely applies to NFTs, especially given their more illusory scarcity.
Good thinking, Sylvain. The SEC is already targeting the DEX component of the DeFi (Uniswap), and it is just matter of time when NFTs get into their crosshairs. Especially in case of fractionalized NFTs. Dapper Labs is already dealing with private class action which claims that certain NFTs are securities. As for wash trading, I know from my own experience that DEXes are more prone to it than CEXes as the latter are maturing and also want to avoid regulatory trouble. Same wash trading risk likely applies to NFTs, especially given their more illusory scarcity.
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