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it should just be regulated for what it is.
Ok soooo how should metadata be “regulated”?
Alright, reading is hard, but here we go. If:
pieces of art metadata are being traded like securities
Then:
yes, the SEC should regulate their trade
They should be regulated according to securities legislation. Wow! We did it! Does little baby get it now?
You don’t regulate the metadata, you regulate its trade as a financial security.
But you knew that, you’re just being obtuse.