The creator of the Stoner Cats web series was accused of an unregistered securities offer – Bits Media

The United States Securities and Exchange Commission sued the Stoner Cats NFT project and demanded the payment of a civil fine worth $ 1 million.

SEC has accused the creators of the animated project based on non -replaced Stoner Cats tokens 2 On the sale of unregistered securities. The regulator counts, that the sale of a NFT collection in order to raise funds for launching the series of the same name is a proposal of these most illegal securities.

"No matter, Includes your Bobrov proposal, chinchilla or NFT based on animals, In accordance with federal laws on securities, It is the economic reality of the proposal, not shortcuts, Determine, What is an investment contract and, hence, security ", - said SEC experts.

For your part, Stoner Cats, for a multiplier project, agreed to satisfy the regulator's requirements to “stop unlawful actions” and voluntarily pay a fine in $1 million. Despite, that the Stoner Cats administration has not publicly pleaded guilty, The company pledged to destroy all NFT Stoner Cats, which are on the balance, and also create a fund to reimburse funds to investors, who purchased tokens during the initial sale.

Previously, SEC presented
Similar accusations of Impact Theory, which, not admitting your guilt, agreed to destroy her Founders Keys tokens, and also pay an administrative fine in the amount of more $6 million.