SEC Charges Impact Theory in First NFT-Related Lawsuit Over Unregistered Token Sales  – Legal Bitcoin News

The Securities and Exchange Commission (SEC) has charged Los Angeles-based media company Impact Theory with offering and selling unregistered securities in the form of crypto asset tokens. Notably, this marks the SEC’s first lawsuit targeting an NFT offering. SEC Sues Impact Theory Over $30M in NFT Sales From October 2021 to December 2021, Impact Theory raised nearly $30 million by selling…
Read more