SEC Forcing Artists to DESTROY Their Work?! Mila Kunis’ NFT Company CHARGED!
Should ALL Artists Be Worried? Find out the TRUTH behind this NFT debacle!
In this revealing video, we dive into the controversial case that has sent shockwaves through the art and NFT world. The SEC is on a rampage, and this time, they’ve set their sights on actress Mila Kunis’ ‘Stoner Cats’ NFT company, backed by her own production company, Orchard Farm Productions.
The SEC has leveled charges against ‘Stoner Cats,’ claiming that their NFTs are unregistered securities. Mila Kunis herself was a staunch advocate for NFTs, seeing their potential to empower artists. She believed in bringing ownership back to the artists and creating more art if the fans demanded it. Isn’t that what ANY artist would say to their collectors?
But hold on, because the SEC has a different perspective. They argue that ‘Stoner Cats’ marketed their NFTs as investments, luring NFT owners with promises of profitable resales in the aftermarket. 📈
Is collaborating with Hollywood producers, big-name actors, and Web3 personalities is a crime or just a smart strategy for creating exceptional entertainment?
In a shocking turn of events, ‘Stoner Cats’ has agreed to a cease-and-desist order, didn’t dispute the SEC’s investigation, and will pay a hefty civil penalty of $1 million. But the most jaw-dropping part? They MUST DESTROY all ‘Stoner Cats’ NFTs in their possession. 😱
Is this a necessary regulation or an extreme attack on art and creativity? Is it comparable to banning books? Join the conversation and share your thoughts in the comments below!
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