![SEC Says NFTs Sold by Impact Theory Are 'Securities' in Landmark Case](https://metanews.com/wp-content/uploads/2023/08/7607BC10-4E58-45C2-814F-7C7EA79DBB74-300x169.jpeg)
SEC Says NFTs Sold by Impact Theory Are ‘Securities’ in Landmark Case
The U.S. Securities and Exchange Commission (SEC) on Monday charged Los Angeles-based entertainment company Impact Theory with conducting an “unregistered offering of crypto asset securities” through non-fungible tokens, or NFTs. The enforcement action, considered the first by the capital markets