In the New York Law Journal, litigation & enforcement partner Helen Gugel discussed the U.S. Securities and Exchange Commission obtaining a $750,000 settlement from Flyfish Club, the first NFT restaurant, over its offer and sale of securities through the form of non-fungible tokens.
“The settlement reflects the SEC’s continued focus on NFTs but, as the dissenting commissioners powerfully underscore, it does little to provide guidance to the industry. The line between innovation and a potential securities violation remains murky,” said Helen.
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