SEC started examining NFTs for securities compliance

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Particular attention is paid to whether NFTs, as well as other digital assets, are used to raise money

SEC started examining NFTs for securities compliance

03.03.2022 - 14:15

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What’s new? The US Securities and Exchange Commission (SEC) has begun investigating the activities of the creators of NFTs and related trading platforms. The regulator is examining whether the use of NFTs contravenes US securities laws. It is reported by Bloomberg with reference to its own sources.

Material on the Bloomberg website

What is known about the SEC’s work? In recent months, the regulator’s officials have sent requests to token creators and crypto exchanges asking for more information about their activities.

This investigation, as Bloomberg notes, is the SEC’s latest attempt to ensure that the cryptocurrency market complies with market regulations. In February, the commission and US regulators imposed a record $100 million fine on BlockFi, a popular virtual currency exchange, for failing to register its products under regulations.

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