Creator of Mila Kunis-backed Stoner Cats series pays $1M to settle SEC charge
Stoner Cats 2 LLC sold 10,000 NFTs priced at $800 each to fund an animated series starring Kunis, Ashton Kutcher, and Chris Rock.
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Stoner Cats 2 LLC sold 10,000 NFTs priced at $800 each to fund an animated series starring Kunis, Ashton Kutcher, and Chris Rock.
Read more (2 min) →The judge ruled that plaintiffs have “adequately alleged” that these NBA-themed NFTs passed the Howey Test.
The SEC wants to stop NFT projects mimicking the initial coin offering boom of 2018, which saw countless illegal securities sales.