News with the tag "Flyfish Club"

The U.S. Securities and Exchange Commission (SEC) has charged Flyfish Club for conducting an unregistered offering of crypto asset securities through non-fungible tokens (NFTs), raising $14.8 million for an exclusive restaurant project. “Flyfish agreed to a cease-and-desist order, to pay a $750,000 ...

Flyfish Club, LLC, an exclusive NFT-based restaurant project, has reached a $750,000 settlement with the SEC. The post Flyfish Club Settles with SEC for $750K Over Unregistered NFT Offering appeared first on TheCoinrise.com .

SEC calls for Flyfish to cease the acceptance of royalty payments from secondary market trading of its NFTs to destroy remaining Flyfish Club NFTs.

SEC commissioners Hester Peirce and Mark Uyeda didn’t believe any US securities laws were triggered and urged the commission to give NFT firms more room to experiment.

The Securities and Exchange Commission (SEC) has reached a settlement with Flyfish Club – the company behind a high-profile NFT-based restaurant membership project. The agreement requires Flyfish to pay $750,000 in civil penalties. The penalty is for allegedly conducting an unregistered offering of ...