First of its kind: SEC takes legal action on NFTs, Impact Theory in the hot seat

On Monday, the Securities and Exchange Commission (SEC) charged Los Angeles-based media and entertainment company Impact Theory for conducting an unregistered offering of crypto asset securities in the form of non-fungible tokens (NFTs). The company, co-founded by Tom Bilyeu, a YouTube host with over 3.7 million subscribers, raised approximately $30 million from hundreds of investors ... Read more