Mila Kunis and Ashton Kutcher's NFT series "Stoner Cats" has been charged by the SEC for selling unregistered securities. Stoner Cats featured an animated TV show about house cats that become sentient after exposure to their owner's marijuana. Fans could buy NFTs for $800 each to gain exclusive access. Holders of the NFTs would earn a 2.5% royalty each time they were resold, suggesting a potential return on investment. The SEC ruled the Stoner Cats NFTs were securities because of this implied profit potential. Stoner Cats settled by paying a $1 million fine. The NFTs will be destroyed and a fund will be set up to return money to harmed investors.
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