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On July 26, 2023, the Securities and Exchange Commission (“SEC”), in a 3-2 vote, issued a release (the “Release”) containing proposed rules to address conflicts of interest associated...
This is the second charge the SEC has brought against an NFT creator in the past month.
SEC sanctions Stoner Cats creator over NFT sales
The SEC’s settlement and fine for the Stoner Cats project has signaled that all NFTs fall under its domain — and that royalties associated with the projects may be an issue in securities law.
SEC sanctions Stoner Cats creator over NFT sales