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, the Securities and Exchange Commission said today. The company behind the NFTs, called Stoner Cats 2, paid $1 million in fines and agreed to destroy all of the NFTs in its possession without admitting guilt., it may have broad consequences for the industry. Between the two cases, the SEC is “drawing a picture where all NFTs are within their jurisdiction,” says Hermine Wong, the former head of policy at Coinbase and a former SEC regulator.
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