OpenSea ‘insider trading’ could see NFTs labeled securities: Former SEC lawyer

Cointelegraph

Published Jun 02, 2022 07:48PM ET

Updated Jun 03, 2022 09:40PM ET

Former United States Securities and Exchange Commission lawyer Alma Angotti says this week’s news about an OpenSea employee being charged with insider trading could open the doors to nonfungible tokens (NFTs) being labeled as securities.

On Wednesday, in a first for the industry, prosecutors in Manhattan charged former OpenSea product manager Nathaniel Chastain with insider trading.

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