The creator of the popular animated series, Stoner Cats, was prosecuted by the SEC for indulging in an illegal sale of NFTs.
Surprisingly, sales volume for the collection spiked dramatically since the announcement.
The creator of the popular animated series, Stoner Cats, was prosecuted by the regulatory agency for indulging in an unregistered offering of crypto asset securities in the form of NFTs, according to andated 13 September. The production company Stoner Cats 2 LLC , backed by Hollywood couple Mila Kunis and husband Ashton Kutcher, was fined $1 million as part of the settlement.
Moreover, the presence of celebrities led people into believing that resale value of the NFTs would continue to rise in the secondary market. The SEC noted,
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