The specter of potential enforcement actions in opposition to NFT initiatives has “unleashed a chilling impact over NFT artists throughout the [U.S.],” in accordance with the grievance. The plaintiffs within the case, conceptual artist and legislation professor Brian Frye, and musical artist Jonathan Mann, also referred to as “Music a Day Mann,” are every holding again a ready-to-go NFT undertaking till a courtroom grants them safety from the “credible menace” of a future investigation or litigation by the SEC, which their attorneys declare could be which might be “economically devastating to [their] creative endeavors.”
