2023 Underground Art Market Report
In the past two weeks, the U.S. Securities and Exchange Commission (“SEC”) announced two enforcement actions against non-fungible token (“NFT”) platforms Impact Theory, LLC (“Impact Theory”) and Stoner Cats 2, LLC (“SC2”), in connection with their unregistered offering of cryptocurrency asset securities. In both enforcement …
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Image Credit: Meta Monopoly If you purchase an independently reviewed product or service through a link on our website, we may receive an affiliate commission. Learn more about our policies and reviews. Meta Monopoly, a Web3 company, is set to be the Apple of the NFT …
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A multi-state tax coordination group is being asked to change the timing for collecting taxes on products with digital codes, including the sale of codes delivered via non-fungible tokens and electronically delivered software. The proposal aims to modify the Streamlined Sales and Use Tax Agreement’s …
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It’s been a disastrous week for Mila Kunis and Ashton Kutcher, and it’s only Wednesday. The SEC has charged the Hollywood power couple’s NFT-based web series, “Stoner Cats,” calling the NFTs unregistered securities. Per the SEC, “Stoner Cats is an adult animated television show about …
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The SEC fined the creator of Stoner Cats NFTs $1 million for selling unregistered securities. Stoner Cats included an animated web series that starred Ashton Kutcher, Mila Kunis, and Chris Rock. At its peak in August 2021, a Stoner Cat NFT sold for nearly $3 …
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The SEC fined the creator of Stoner Cats NFTs $1 million for selling unregistered securities. Stoner Cats included an animated web series that starred Ashton Kutcher, Mila Kunis, and Chris Rock. At its peak in August 2021, a Stoner Cat NFT sold for nearly $3 …
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Today, the United States Securities and Exchange Commission (SEC) announced that “Stoner Cats,” the animated, NFT-backed web series created by Mila Kunis’s production studio, violated federal securities laws when it sold NFT passes to view the video content. But what happens now? The company behind …
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Just weeks after its very first case against a company for selling unregistered securities in the form of NFTs, the U.S. Securities and Exchange Commission’s (SEC) has announced it has hit yet another company with charges over NFTs. However, there’s an interesting twist to this …
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The creators of “Stoner Cats,” a short animated show featuring Mila Kunis and Ashton Kutcher, face backlash for their venture into non-fungible tokens (NFTs). The United States Securities and Exchange Commission (SEC) has charged Stoner Cats 2 LLC (SC2), the company behind the show, over …
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According to the SEC’s order, the sale of more than 10,000 NFTs for approximately $800 each represented an unregistered offering of securities. The regulator said the promotional campaign leading up to the offering touted the ability of investors to profit by selling their NFTs in …
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