SEC Commissioner Clarifies NFT Creator Royalties Not Securities

According to Odaily, U. S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated in a public speech that NFTs with creator royalty mechanisms are generally not considered securities. Peirce highlighted that the ability of NFTs to allow artists to profit from resales is similar to how streaming platforms pay creators for copyrights, and this form of revenue distribution does not constitute a 'share in corporate profits' as defined in traditional securities source: https://www.binance.com/en/square/post/24539260533186?utm_source=BinanceNewsRSS