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A comment on SEC brought its first non-fungible token enforcement action. Parent comment

Re:SEC brought its first non-fungible token enforcement action by dcolkitt on Monday August 28, 2023 @06:36PM (#37301270)
> When I purchase a baseball card, I do not have the expectation that there is any additional value attached to the baseball card beyond what the collector's market will pay.

What about music royalties rights? Those are almost always purchased with expectation of profit. Those are even explicitly marketed on the basis of how big an artist is going to be. Yet the SEC does not consider them securities

https://www.sec.gov/Archives/edgar/data/1490161/000104746910....

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Re:SEC brought its first non-fungible token enforcement action by TylerE on Monday August 28, 2023 @06:55PM (#37301429)
That’s IP law, not investment.
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Re:SEC brought its first non-fungible token enforcement action by maerF0x0 on Monday August 28, 2023 @07:40PM (#37301711)
It's an interesting intersection because those rights produce an income stream that can be evaluated like a bond.
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