The hype around NFT tokens continues and refuses to fade, regulators note.

Recently warned Mrs. Hester Pearce, known as the “Mother of Crypto” and who is a commissioner with the SEC, told investors that some NFT offerings may be considered unregistered securities under certain circumstances.

She told Pierce in a webinar last Thursday, in which she also stated:

The whole concept of NFT is supposed to be a non-fungible token, so it’s supposed to be different from anything else.

Which means it’s less likely to be safe, but people are very creative in the kinds of NFTs that they put up and sell out there.

It’s weird what some people pay for.

Read:Binance Futures launches the option to trade NEO perpetual contracts

I think, given this creativity, as with anything else, you should ask some questions.

NFTs are digital tokens secured through the blockchain, usually associated with an image or video file…

In the past few days, several NFT tokens have been offered for sale with generous sums of money.

This has raised several legal, ethical or environmental concerns related to the energy consumption of the Ethereum blockchain, and others argue that NFT tokens may be a good way to launder money.

Pierce explained that some types of NFTs may raise the same types of questions as ICOs.

ICOs have been under scrutiny by the Securities and Exchange Commission for years.

The Securities and Exchange Commission decided to take a position that every token sold through the “ICO” is an unregistered security, and then the “SEC” decided to file lawsuits against several companies that went through the “ICO”.

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