The U.S. Securities and Exchange Commission (SEC) has taken action against Stoner Cats 2 LLC (SC2), the creator of the "Stoner Cats" web series, accusing the company of conducting an unregistered offering of crypto asset securities.

These securities were in the form of non-fungible tokens (NFTs) and were used to raise around $8 million to fund the animated web series, according to the SEC.

Such significant developments in the crypto and digital assets space are a focal point of discussions at events such as Benzinga's Future of Digital Assets conference, scheduled for Nov. 14. The conference aims to delve deep into the evolving dynamics of the digital asset world, including the regulatory landscape.

The SEC's order revealed that on July 27, 2021, SC2 sold more than 10,000 NFTs at approximately $800 each, selling out within 35 minutes.

The marketing campaign for the "Stoner Cats" NFTs, both pre and …

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