The post SEC Charges TV Show Funded by NFTs for Unregistered Offering! appeared first on Coinpedia Fintech News
Stoner Cats 2 LLC, a television show that was fully funded by nonfungible tokens (NFTs) has been charged by the Securities and Exchange Commission (SEC) for conducting an unregistered offering of the tokens. The SEC alleges that the company raised $8 million from investors through the sale of the NFTs without filing the required registration statements. This is a reminder that the use of NFTs as investment contracts is subject to federal securities laws, and companies should be careful when conducting such offerings.
Source: https://coinpedia.org/crypto-live-news/sec-charges-tv-show-funded-by-nfts-for-unregistered-offering/