As such, the company driving the project, Stoner Cats 2, was fined $1 million and ordered to destroy the remaining tokens “without admitting guilt.” Former SEC regulator and ex-head of policy at Coinbase Hermine Wong criticized the action and said it could have a broadly “chilling effect on the industry.”
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Kutcher's, Kunis' 'Stoner Cats NFT' Project Draws Ire from SEC
Stoner Cats NFTs, which come from a project associated with Hollywood heavyweights Ashton Kutcher and Mila Kunis, have been deemed unregistered securities by the Securities and Exchange Commission. So reports The Verge.
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