Two commissioners of the U.S. Securities and Exchange Commission (SEC) have criticized a $750,000 settlement agreement for NFT-themed restaurant Flyfish Club. The SEC alleged that Flyfish offered unregistered cryptocurrency securities. However, commissioners Hester Peirce and Mark Uyeda argued that Flyfish’s NFTs were simply membership sales and did not violate securities laws. Flyfish agreed to destroy the remaining NFTs and not collect royalties from future sales, without acknowledging the SEC’s allegations. Share your thoughts in the comments.