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SEC Goes After NFTs: Podcaster to Shell Out $6.1M over “Securities” Offerings

The US Securities and Exchange Commission (SEC) has taken its first enforcement action targeting the non-fungible token (NFT) industry. Today (Monday), the securities regulator announced that it has charged Impact Theory, a Los Angeles-based media and entertainment company popular for its podcast, with raising about $30 million from hundreds of investors, including those in the United States, through its “unregistered” offering of crypto asset “securities”.SEC Charges Impact Theory over NFT Secu... Read More

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Posted: Aug 28 2023, 20:09

Author Name: financemagnates

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