Two of the Securities and Exchange Commission’s (SEC) five commissioners have publicly expressed their disagreement with the agency’s first-ever NFT-related enforcement action. Commissioners Hester Peirce and Mark Uyeda have dissented from the securities regulator’s decision to charge Impact Theory for allegedly raising millions through an unregistered offering of crypto securities. The SEC sued Los Angeles-based entertainment firm Impact Theory for raising $30 million from investors by selling NFTs called Founder’s Keys. The company allegedly encouraged investors to view the purchase of a Founder’s Key as an investment in its business, which would eventually net them a considerable profit.
00:00 intro
00:23 SEC vs NFTs
01:40 Hester Peirce vs Gary Gensler
04:39 Why They Settled Lawsuit
07:08 Lawyers vs SEC
07:28 Disney NFTs
08:04 TYT on Expectation of Profit?
09:15 Gensler Investor Warning
10:14 Congress vs Gensler
11:02 Ripple XRP Win Party
11:56 outro
#NFT #Crypto #Ethereum
~Gensler Demands All NFTs & Royalties Destroyed 🔥 SEC Infighting Continues~
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