SEC Charges NFT Firm, Stoner Cats, Stirring Mixed Reactions from Commissioners

The U.S. Securities and Exchange Commission (SEC) recently took action against Stoner Cats 2 LLC, the company responsible for the Stoner Cats animated series. The SEC contends the firm engaged in unregistered cryptocurrency securities offerings via nonfungible tokens (NFTs). In response, the company acceded to a halt order and additional regulatory stipulations. The crux of the SECs claim lies in their belief that Stoner Cats 2 LLC promoted their NFTs with promises of potential future sales, hinting at an increase in their value. It was also brought to attention that the company would...


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