Recently, the commission and state agencies hit one popular exchange, BlockFi, with a $100 million fine for failing to properly register its products. As part of the review, the regulatory agency is specifically looking into “fractional NFTs.”
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The U.S. Securities and Exchange Commission is taking a closer look at the NFT market to “determine if some of the assets run afoul of the agency’s rules,” according to sources familiar with the inquiry. So reports Bloomberg.
Recently, the commission and state agencies hit one popular exchange, BlockFi, with a $100 million fine for failing to properly register its products. As part of the review, the regulatory agency is specifically looking into “fractional NFTs.”