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Commissioners Dissent on SEC's NFT Enforcement Action on Stoner Cats 2, LLC

Commissioners Dissent on SEC's NFT Enforcement Action on Stoner Cats 2, LLC

Sep 15, 2023

The Securities and Exchange Commission (SEC) has dissented on its enforcement action against Stoner Cats 2, LLC's non-fungible token (NFT) settlement. The Commissioners argue that the Howey investment contract analysis lacks a limiting principle and could stifle artists' creativity due to legal uncertainties. They call for clear guidelines for artists and creators using NFTs to support their creative endeavors and engage with fan communities.

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SEC Commissioners Peirce and Uyeda Disagree on Impact Theory Enforcement Action

SEC Commissioners Peirce and Uyeda Disagree on Impact Theory Enforcement Action

Aug 29, 2023

The US SEC has launched its first enforcement action against Impact Theory, LLC, for raising $30 million through an unregistered offering of NFTs disguised as securities, despite Commissioners Peirce and Uyeda arguing for clearer regulations.

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