The post Impact Theory’s NFT Settlement With SEC: Attorney’s Three Key Observations appeared first on Coinpedia Fintech News
The SEC has made its first move against NFTs. They settled with Impact Theory, the ones who made the NFTs. The SEC said these NFTs were like unapproved securities. Impact Theory agreed to stop, paid a fine of $6.1 million, and will get rid of the NFTs they had.
Attorney Fred Rispoli has commented on the SEC’s order for Impact Theory’s NFT sales. He highlighted three key points. Firstly, the dispute occurred in the now-questioned SEC court, facing a potential Supreme Court showdown in 2024 that could limit the SEC’s power.
Rispoli pointed out that Impact Theory began repurchasing its NFTs between December 2021 and August 2022 as a form of “remedial acts.” He raised the question of whether this period coincided with the SEC’s initiation of its investigation and whether there was any public disclosure by either the SEC or Impact Theory.
He said
We współpracy z: https://coinpedia.org/news/impact-theorys-nft-settlement-with-sec-attorneys-three-key-observations/
