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SEC Fines Stoner Cats NFTs Creator $1 Million for Securities Violation

The company behind Stoner Cats non-fungible tokens (NFTs) has to pay a $1 million fine and destroy all its NFTs per a settlement with the US Securities and Exchange Commission (SEC). According to the Wednesday press rele...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

SEC Fines Stoner Cats NFTs Creator $1 Million for Securities Violation
The company behind Stoner Cats non-fungible tokens (NFTs) has to pay a $1 million fine and destroy all its NFTs per a settlement with the US Securities and Exchange Commission (SEC).
According to the Wednesday press release, the SEC charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of cryptoasset securities in the form of NFTs that raised approximately $8 million from investors to finance an animated web series called 'Stoner Cats'....
Read More: SEC Fines Stoner Cats NFTs Creator $1 Million for Securities Violation

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This nft story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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