SEC Scrutinizes NFT Market Over Illegal Crypto Token Offerings

The US Securities and Exchange Commission (SEC) is looking into creators of NFTs, and the cryptocurrency exchanges where they trade, to see if any of them violate securities regulations. The inquiry’s emphasis is on whether specific non-fungible tokens are used for fundraising, much like traditional equities. The attorneys in the SEC’s enforcement division have issued subpoenas demanding information about the token offerings. Although, information requests from the regulator don’t always lead to enforcement actions.

Kraken Crypto Exchange Won’t Shut Down Russian Accounts Unless Legally Required

NYSE Files Trademark for OpenSea-like NFT Marketplace

Forbes Announces Inaugural Digital Assets and Web 3 Sumit

Financial NFTs Could Be the Ultimate Path to DeFi Mass Adoption

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Sani Abdul-Jabbar

Sani is the Board chair at VezTek, a Los Angeles based provider of software development and on-demand tech. talent for Blockchain and Web3.0 initiatives.