Flyfish Club has reached a settlement with the US SEC over an "unregistered crypto asset securities offering". 🍽️

- Flyfish Club will pay a fine of 750,000 $ .

- It sold 1,600 NFTs between August 2021 and May 2022.

- The SEC claims these NFTs are securities.

- Former SEC officials argue that NFTs are utility tokens, not investment vehicles.

- This decision could negatively impact the NFT market.