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Hester Peirce has criticized the SEC for its handling of the Flyfish Club NFT case, calling the actions 'misguided and overreaching.' The SEC fined Flyfish Club $750,000, a decision Peirce and fellow commissioner Mark Uyeda believe is harmful both in the present case and as a future precedent. The $750K settlement has sparked a broader debate on digital asset regulation.
#web3 Legal Roundup๐๏ธ ๐จ๐ปโโ๏ธ SEC fines @FlyfishClub $750K ๐ @DeltaPrimeDefi hacked for $6M ๐ฒ@Circle to expand $USDC on @Soneium ๐ฆ๐ช @Bybit_Official get UAE license ๐ญ๐ฐ Hong Kong to regulate AI in finance ๐บ๐ธ @RepTimmons introduces New Frontiers in Technology Act for NFT legal clarity
The application of SEC rule to the Flyfish Club NFT case was "harmful both in the present case and as future precedent," commissioners Hester Peirce and Mark Uyeda wrote in their dissent to the $750K settlement. Read more: https://t.co/7MozEXD8bj
Hester Peirce Slams SEC for 'Misguided and Overreaching' Cases in Flyfish Club NFT Dissent โบ https://t.co/4fcXLvBOzt https://t.co/4fcXLvBOzt
