🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

The SEC Doubles Down on NFT Projects with Subpoenas

Published 02/22/2023, 03:45 PM
Updated 02/22/2023, 04:00 PM
The SEC Doubles Down on NFT Projects with Subpoenas

  • The U.S. SEC is currently investigating NFT projects and market participants.
  • The government agency aims to find dirt by issuing subpoenas to the projects.

The United States Securities and Exchange Commission (SEC) is hungry for controversy. The regulator is cracking down on all crypto projects in the country, especially ones that issue and sell NFTs.

A New York-based law firm has shared that the SEC is conducting investigations that could take some NFT projects by surprise. The establishment hopes to uncover potential violations of federal securities laws related to the sale of NFTs, especially after FTX’s empire fell through.

Under a Magnifying Glass

On May 3, 2022, the SEC asserted that it would double down on regulating and penalizing the crypto sector. The federal agency...

Continue Reading on DailyCoin

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.