By CryptoNews - 7 months ago - Reading Time: 1 minutes
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'....
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Original source: CryptoNews