Two nonfungible token artists have filed a complaint against the U.S. Securities and Exchange Commission, asking a federal district court in New Orleans to clarify whether NFTs fall under the jurisdiction of Wall Street’s largest regulator as unregistered securities.
David Patrón, a partner at the Am Law 200 firm Phelps Dunbar in its New Orleans, Louisiana office, and Jason Gottlieb, a partner at Morrison Cohen in its New York office, represent the plaintiffs, law professors Brian Frye and Jonathan Mann, against the SEC.
Jason Gottlieb, a partner at Morrison Cohen. (Courtesy photo)
