SEC Scrutinizes NFT Market Over Illegal Crypto Token Offerings

TokenInsight news, The U.S. Securities and Exchange Commission is scrutinizing creators of NFTs and the crypto exchanges where they trade to determine if some of the assets run afoul of the agency’s rules, according to people familiar with the matter. The investigation is said to focus on whether NFT can be used to raise capital in the same way as traditional securities. Over the past several months, attorneys in the SEC’s enforcement unit have sent subpoenas demanding information about the token offerings.