SEC targets NFTs in enforcement action

Two commissioners dissent from first SEC action against NFT issuer


The Securities and Exchange Commission (SEC), the US securities market regulator, has settled an enforcement case against media company Impact Theory. 

The firm was charged with illegally making approximately $29.9 million in unregistered sales of non-fungible tokens (NFTs) and will pay $6.1 million without admitting or denying the SEC’s allegations. It is the securities regulator’s first NFT enforcement action. 

Impact Theory sold the NFTs to “at least” hundreds of investors, including from

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