The U.S. Securities and Exchange Commission’s recent enforcement actions against cryptocurrency firms highlight the need for the SEC to provide more precise guidelines on digital-asset regulations and raise questions about the agency’s jurisdictional reach concerning non-fungible tokens, regulatory attorneys said.
The SEC this year year settled claims against Impact Theory LLC that it raised nearly $30 million through unregistered crypto asset securities. The agency also settled allegations that Stoner Cat 2 LLC conducted an unregistered offering of crypto asset securities in the form of NFTs.
