The Stoner Cats NFT initiative, co-founded by the esteemed actress Mila Kunis, has faced trading restrictions on several major NFT platforms such as OpenSea, Blur, and Rarible. This development comes in the wake of legal action by the United States Securities and Exchange Commission (SEC), which has levied charges against the project’s creators, alleging the… Continue reading Major Marketplaces Enforce Trading Limits on Stoner Cats NFTs
Tag: SEC
SEC Implements First Enforcement Action In The NFT Industry
The United States Securities and Exchange Commission (SEC) has implemented its first non-fungible token (NFT) enforcement action against Los Angeles-based firm, Impact Theory. Based on the regulatory agency, Impact Theory sold its NFTs as unregistered securities, a violation of federal law. This action ended in a legal settlement that needs Impact Theory to establish a… Continue reading SEC Implements First Enforcement Action In The NFT Industry