Posted 9/13/2023, 8:03:33 PM
SEC Charges Mila Kunis and Ashton Kutcher's 'Stoner Cats' NFTs as Unregistered Securities, Project Pays $1M Fine
- SEC charges Mila Kunis and Ashton Kutcher's "Stoner Cats" NFTs as unregistered securities
- NFTs gave buyers access to animated series and promised returns through royalties
- SEC says marketing emphasized NFTs as investment opportunities
- Stoner Cats settles with SEC, pays $1 million fine and destroys NFTs
- SEC cracking down on celebrity crypto endorsements lacking proper disclosures