Rules Navigator

Register

SEC settles first NFT enforcement case and fines media company $6m

Image of a sign saying "I hate NFTs) with people surrounding it.
Photo: Noam Galai/Getty Images

Julie DiMauro

 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

Cease-and-desist order concerning a non-fungible token project marks the first time the authority has taken action against a company for selling NFTs it called unregistered securities.

The US SEC has brought its first enforcement action against a company for a non-fungible token (NFT) project. The company at the center of the SEC’s cease-and-desist order is a Los Angeles-based media and entertainment company called Impact Theory, which the federal securities

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in
, , , , , , ,
You may also like