LA’s Impact Theory Fined $6M in First NFT Case by SEC

  • The U.S. SEC has taken its first enforcement action against a company, Impact Theory, for selling unregistered NFTs.
  • Despite neither confirming nor denying the SEC’s findings, Impact Theory agreed to pay over $6.1 million, and to compensate impacted investors.
  • This case could set a precedent for future regulation of NFTs, especially as other projects use similar marketing language.
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