The US regulator SEC continues to increase its pressure on the cryptocurrency industry despite the Ripple and Grayscale cases that the court ruled against.

At this point, the SEC finally filed a lawsuit against Stoner Cats 2 LLC.

Securities and Exchange Commission (SEC) today charged Stoner Cats 2 LLC (SC2) with conducting an unregistered offering of crypto asset securities in the form of purported non-fungible tokens (NFTs). — Bitcoin Sistemi EN (@btcsistemiEN) September 13, 2023

In its statement, the SEC alleged that Stoner Cats 2 LLC (SC2) failed to register crypto asset securities in the form of NFTs.

The SEC also said the company raised nearly $8 million from investors to fund an animated web series called Stoner.

The statement stated that the company accepted the SEC's cease and desist order and agreed to pay a $1 million fine.