The SEC Doubles Down on NFT Projects with Subpoenas

The SEC Doubles Down on NFT Projects with Subpoenas

• The U.S. SEC is currently investigating NFT projects and market participants.
• The government agency aims to find dirt by issuing subpoenas to the projects.

The United States Securities and Exchange Commission (SEC) is hungry for controversy. The regulator is cracking down on all crypto projects in the country, especially ones that issue and sell NFTs.

A New York-based law firm has shared that the SEC is conducting investigations that could take some NFT projects by surprise. The establishment hopes to uncover potential violations of federal securities laws related to the sale of NFTs, especially after FTX’s empire fell through.

Under a Magnifying Glass

On May 3, 2022, the SEC asserted that it would double down on regulating and penalizing the crypto sector. The federal agency…

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