The U.S. Securities and Exchange Commission’s recent enforcement actions against cryptocurrency firms highlight the need for the SEC to provide more precise guidelines on digital-asset regulations and raise questions about the agency’s jurisdictional reach concerning non-fungible tokens, regulatory attorneys said. 

The SEC this year year settled claims against Impact Theory LLC that it raised nearly $30 million through unregistered crypto asset securities. The agency also settled allegations that Stoner Cat 2 LLC conducted an unregistered offering of crypto asset securities in the form of NFTs. 

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