The Securities and Exchange Commission charged Stoner Cats 2 LLC with the sale of an unregistered crypto, or NFT. This was used to promote the originator’s plan to run a webseries. In all, more than 10,000 NFTs sold for approximately US$ 800 each. The NFTs were popular and lasted just over a half hour before…
Without admitting or denying the SEC’s findings, Stoner Cats 2 LLC agreed to a cease-and-desist order and $1 million civil penalty after earning approximately $8 million in sales.
SEC Charges Creator of Stoner Cats Web Series for Unregistered Offering of NFTs streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
SEC gov | SEC Charges Creator of Stoner Cats Web Series for Unregistered Offering of NFTs sec.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sec.gov Daily Mail and Mail on Sunday newspapers.