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Oct 3, 2024 · On September 13, 2023, the Securities and Exchange Commission (SEC) charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs) that raised approximately $8 million to finance an animated web series called Stoner Cats.
Sep 23, 2024 · The suit also points to successful SEC action against NFT projects Stoner Cats 2 and Impact Theory, where the regulator said the NFTs were unregistered securities sales.
Oct 1, 2024 · Similarly, the SEC charged SC2 with conducting an unregistered offering of crypto asset securities in the form of NFTs that raised approximately US$8m from investors to finance an animated web series called Stoner Cats.
Sep 23, 2024 · Last year, the SEC fined Impact Theory, a Los Angeles-based media company, $6.1 million for offering unregistered NFT securities known as “Founder’s Keys.” During the same year, the SEC imposed a $1 million fine on the Stoner Cats NFT project for similar violations.
Sep 25, 2024 · U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler faced tough questions from both Republicans and Democrats during a House Financial Services Committee hearing on Tuesday, with lawmakers scrutinizing his approach to regulating the cryptocurrency industry.
Sep 25, 2024 · SEC Chair Gary Gensler faced bipartisan criticism during a House Financial Services Committee hearing over the agency’s approach to regulating crypto. Democrat Ritchie Torres challenged Gensler on how the SEC defines securities, using Yankees tickets and NFTs as examples.
Oct 5, 2024 · In Stoner Cats case, two SEC Commissioners Hester Peirce and Mark Uyeda dissented with the settlement arguing that applying securities laws to NFTs creates legal ambiguity that could hinder artistic creativity.
