DOJ case against ex-OpenSea exec could label NFTs as securities, former SEC lawyer says

There has been no shortage of conversations surrounding the NFT market after the seemingly quiet industry was elevated to the forefront of the crypto space in the last year as adoption accelerated.
Until now, there hasn’t been any major blowback against the industry, aside from snide comments from people outside of the NFT space declaring there’s no real reason people would pay thousands of dollars in cryptocurrency for a digital image.
But on June 1, all hell broke loose after Nate Chastain, a former executive at the largest NFT marketplace, OpenSea, was arrested and charged “with wire fraud

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