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.
<p><span>The Securities and Exchange Commission today charged Binance Holdings Ltd. (“Binance”), which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc. (“BAM Trading”), which, together with Binance, operates the crypto asset trading platform, Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations.</span></p>