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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

5 min read
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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

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