Tag: Impact Theory

The U.S. Securities and Exchange Commission (SEC) took a firm stance against Impact Theory, LLC, a Los Angeles-based media and entertainment firm, accusing them of orchestrating an unauthorized public offering of crypto securities via non-fungible tokens (NFTs). The company managed to amass around $30 million from many investors from the U.S. and abroad. It was the SEC's first enforcement action targeting the booming NFT segment.