The Securities and Exchange Commission continues to not pussyfoot around crypto enforcement as it charges yet another non-fungible token project with selling unregistered securities.
The federal agency on Wednesday announced that it had charged the creators of Stoner Cats, an animated web series about “a woman who uses medical marijuana to alleviate her early Alzheimer’s symptoms and her beautiful family of cats,” according to the website, for raising approximately $8 million through the sale of more than 10,000 NFTs for about $800 each.
