SEC targets NFTs in enforcement action

The Securities and Change Fee (SEC), the US securities market regulator, has settled an enforcement case towards media firm Influence Principle. 

The agency was charged with illegally making roughly $29.9 million in unregistered gross sales of non-fungible tokens (NFTs) and can pay $6.1 million with out admitting or denying the SEC’s allegations. It’s the securities regulator’s first NFT enforcement motion. 

Influence Principle offered the NFTs to “no less than” lots of of traders, together with from

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