1254. SEC WARS! | Gensler vs Peirce, Mila Kunis NFTs, & Star Wars

After fungible crypto tokens, the U.S. Securities and Exchange Commission (SEC) began to tighten its grip on the non-fungible token (NFT) landscape. 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. Hollywood couple Mila Kunis and husband Ashton Kutcher, was fined $1 million as part of the settlement. However, not everyone within the SEC agrees with the enforcement action. Peirce and Uyeda published a dissenting statement, arguing that the activity could be considered fan crowdfunding.