US SEC Goes After NFTs In A First Of Its Kind Enforcement Action
Recent events have shown the US SEC might be going after non-fungible tokens (NFTs). In a recent press release, the SEC charged Los Angeles-based media and entertainment company Impact Theory LLC for unregistered securities in the form of NFTs. SEC Goes After Impact Theory NFTs Impact Theory was one of many entertainment firms that launched […]
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NFTs Major Milestones NFTs are the new cool kids on the blockchain. Unlike a Bitcoin token for example, where one can be interchanged for any other, NFTs are unique and no one is like any other. Non Fungible Tokens effectively take a medium like a piece art, a tweet or digital media and turn it into a one-of-a-kind token. One of the most recent examples of NFTs in the news is at the recent, rather […]
Could a U.S. state purchase NFTs? One lawmaker is proposing state legislation to allow the state the ability to do so. Meanwhile, European automaker Alfa Romeo is breaking into NFTs in a way that integrates utility in a one-of-a-kind way – without taking a consumer-first approach. And NFT rugpulls are becoming increasingly commonplace. It’s just […]
A commissioner with the U.S. Securities and Exchange Commission (SEC) has criticized the securities watchdog for focusing on enforcement actions in its oversight of the crypto industry. SEC Commissioner Slams Agency for Focusing on Enforcement Actions in Regulating Crypto Assets SEC Commissioner Hester Peirce criticized her own agency Monday after it announced an enforcement action against cryptocurrency exchange Poloniex. She noted that the SEC’s action against the exchange “doubles down on the Commission’s enforcement-centric approach to crypto.” The securities....
It was a quiet Tuesday for a fresh mint. Each weekday, we cover the daily dose of NFT action – and while today was a slower day, there’s still plenty of action to quickly recap. In sports NFTs, Candy Digital – the arguable leader within the world of baseball NFTs – is unrolling dynamic NFTs. […]
If you’ve been keeping up with the cryptocurrency world, you’ve probably come across the term “NFT.” NFTs are one-of-a-kind, non-interchangeable digital assets that also serve as valid proof of ownership on the blockchain. NFTs have made the prospect of digital collectibles a reality and are being hailed as the answer to physical collectibles in various […]