**SEC’s Recipe for Controversy: Flyfish Club’s $750K Settlement**

- Two SEC commissioners have grilled their agency for cornering Flyfish Club into a $750,000 settlement over NFT sales.

- The SEC claimed Flyfish’s 1,600 NFTs, which raked in $14.8M, were unregistered crypto asset securities.

- Commissioners Hester Peirce and Mark Uyeda argued the NFTs were just a creative way to sell memberships, not securities.

- They humorously suggested the SEC should offer more guidance, not legal mumbo-jumbo, to NFT innovators.

- Flyfish NFTs promised dining perks at a Manhattan restaurant, set to open this month. 🍽️

Stay tuned for more crypto bites!