The Inanity of the SEC 'Stoner Cat' Action

The Inanity of the SEC ‘Stoner Cat’ Action

On Wednesday, the U.S. Securities and Exchange Commission (SEC) told the creators of the NFT-powered, animated web series “Stoner Cats” it’s going to have to cough up a $1 million fine, and kill the cartoon kitties left in its possession. And today, Stoner Cat NFTs are worth 250% more than yesterday with trading volume spiking 7,256%.

Huh? Wha? Why?

What’s the matter, cat got your tongue?

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No. Hairball.

It seems that, in its complaint, the SEC may have left open a few questions regarding these cartoon cats, including several about the NFTs trading on the secondary market.

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