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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SEC Inquiry Looking Into 'Fractional NFTs' Among Other Products
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.
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