NFT
Mila Kunis Web Series Stoner Cats Faces SEC Enforcement Action for 'Unregistered' NFT Offerings
The production company behind Stoner Cats encouraged investors to buy and trade royalty-yielding NFTs, tying the collectibles to the success of its Hollywood-backed web series, the SEC said.
Coinbase Paves Way for Big Institutions to Do More With Web3, DeFi, NFTs
“We're seeing corporations who want to participate on-chain in some way,” Coinbase’s Kevin Johnson told CoinDesk TV. “But they need a safe way to do that.”
Roofstock Onchain Sells Another Home Through NFT Marketplace for $204K Worth of USDC
Tokenized real estate platform Roofstock OnChain recently sold another home through its NFT marketplace for more than $200,000 worth of USDC. Roofstock onChain Head of Web3 Initiatives Sanjay Raghavan discusses the details of the sale, sharing insights into the future of Web3 real estate investments and tokenizing real-world assets.
Coinbase Prime Web3 Wallet Gives Institutions a Way to 'Interact With On-Chain Applications,' Exec Says
Coinbase Prime is debuting an institutional-grade Web3 Wallet, which includes features like managing NFT collections and voting on DAO governance. Coinbase's Vice President of institutional sales and trading Kevin Johnson discusses the launch and the offerings for institutional clients. Plus, a closer look at how the crypto exchange is navigating the U.S. crypto regulatory landscape.
NounsDAO Barrels Toward Treasury Split After NFT Holders Rally for ‘Rage Quit’
The leading NFT project will soon lose a chunk of its treasury to disaffected investors.
NFT Video Startup Glass Falls to Crypto Bear Market
The startup’s founders say they’re ending active development after two years.
Impact Theory CEO on Settling SEC's First-Ever NFT Enforcement Action
Impact Theory, a California-based media company, will pay $6.1 million as part of a settlement with the U.S. Securities and Exchange Commission (SEC) on charges it conducted sales of NFTs as unregistered securities offerings, the agency's first enforcement action of its kind. Impact Theory CEO Tom Bilyeu shares insights into the case and the outlook for regulatory clarity. "Hopefully, everything that we've gone through helps paint the path forward for the entire industry," Billyeu said.
Unpacking the SEC's First NFT Enforcement Action
The U.S. Securities and Exchange Commission (SEC) issued its first NFT-related enforcement action, charging Los Angeles-based entertainment company Impact Theory on allegations the NFTs that were sold on the platform were actually unregistered securities. Hermine Wong, herminewong.xyz principal and former SEC Special Counsel, breaks down the SEC's argument and the potential outcomes. "No one can say NFTs are securities, and the order doesn't tell us that," Wong said.
SEC Issues First Enforcement Action Targeting NFTs
The U.S. Securities and Exchange Commission ordered a Los Angeles-based company that issued non-fungible tokens to compensate investors who bought the NFTs, arguing that the transactions were illegal unregistered securities offerings. "The Hash" panel weighs in on the SEC's first NFT-related enforcement action and whether NFTs should be considered securities.
SEC Issues First Enforcement Action Targeting NFTs
The agency ruled Impact Theory’s NFTs were sold as unregistered securities.
