this post was submitted on 27 Aug 2024
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If pieces of art metadata are being traded like securities, then yes, the SEC should regulate their trade.
It should have absolutely nothing to do with the "art" associated with that metadata, it should just be regulated for what it is.
Ok soooo how should metadata be "regulated"?
Alright, reading is hard, but here we go. If:
Then:
They should be regulated according to securities legislation. Wow! We did it! Does little baby get it now?
You don't regulate the metadata, you regulate its trade as a financial security.
But you knew that, you're just being obtuse.