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SEC charges ‘Stoner Cats’ NFT creators for selling unregistered securities

The Securities and Exchange Commission (SEC) now claims actress Mila Kunis’ “Stoner Cats” raised $8 million from selling unregistered securities in more than one US state. In a press release on Sep. 13, the SEC said Stoner Cats 2 LLC (SC2) sold 10,000 non-fungible tokens (NFTs) in 35 minutes and raised

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Mila Kunis-Backed Stoner Cats Faces SEC Enforcement Action for “Unregistered” NFT Offerings

According to the SEC, Stoner Cats NFT holders were incentivized to trade the NFTs, receiving a 2.5% royalty for each secondary-market transaction involving the collectibles. That encouraged individuals to buy and sell the NFTs in at least 10,000 secondary transactions worth more than $20 million, according to regulators. In addition,

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SEC charges company behind Stoner Cats NFT series with unregistered securities sale

Stoner Cats 2 LLC (SC2), the company behind the Stoner Cats animated series, has agreed to a cease-and-desist order and other measures imposed by the United States Securities and Exchange Commission (SEC) after being charged with conducting an unregistered offering of crypto asset securities in the form of nonfungible

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Binance NFT ends Sandbox staking and drops Polygon network

Binance NFT announces the end of The Sandbox NFT Staking Program and discontinuation of Polygon Network support, effective from Sept. 26, 2023. Binance NFT has announced significant changes to its platform. They include discontinuing The Sandbox NFT Staking Program and removing support for the Polygon Network.  These updates are part of Binance

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