The post Empire Newsletter: Why the Song-a-Day man is suing the SEC appeared on BitcoinEthereumNews.com.

Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter. Take it to court  Two NFT artists — Jonathan Mann and Brian Frye — have filed a suit against the SEC in a route we’ve usually seen taken by larger firms like Coinbase and Consensys. The goal for the artists is simple: Get some answers from the SEC and act before the agency can move against them for their NFT projects.  Mann told me the suit was borne from “deep frustration” with the lack of clarity. The regulatory agency’s anti-crypto parade has already targeted two NFT projects, Stoner Cats and Impact Theory, and Mann felt that the actions “kind of implicated everybody in the NFT space.” So, he and Frye took action. Jason Gottlieb, who also represented DEBT Box in its now-infamous case, was brought on to help Frye and Mann argue their case against the securities regulator.  Mann, the artist behind A Song A Day Mann, writes a song a day (in case his username wasn’t clear enough). He has penned songs about the SEC, including one from yesterday detailing his plans to sue the SEC, and one from September of last year about the SEC’s actions against Stoner Cats. He mints each song as an NFT, available on his site for folks to bid on. (ICYMI: The Mila Kunis and Ashton Kutcher-backed project paid $1 million to settle with the SEC and destroyed NFTs in its possession.) “As I looked at what they said Stoner Cats had done, and I looked at what I continually do on a daily basis, [I realized] there’s no daylight here between what they’re accusing them of and what I do and what basically everyone that I know in the space, artists and…

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Filed under: News - @ July 30, 2024 4:22 pm