He does not think the strategy has any chance of success. 28 tweet seems “shady” and a “weird way” to try to preempt the states’ action, says Griffin. The reference to the SEC in Slotie’s Oct. Slotie could sell the same type of NFTs under a different name, though that could eventually lead the company into hot water if regulators find out. Go off the grid, which Griffin says would be easy since there’s not much information on who is behind the company.Leave it up to the states to try to unwind previous NFT sales and wait to see if they approach the company to negotiate.

Respond to the state orders and seek private hearings or challenge the regulators in court.Slotie did not respond to Forbes requests for comment sent to its social-media accounts and to Elia, its Tbilisi-based parent, but Griffin laid out three paths the company could take:

“It’s not an excellent idea to miss the deadlines,” says Sean Griffin, a partner at law firm Dykema Gossett, since that would generally mean the company is giving up its right to challenge the orders. Texas and Alabama security commissioners say they have not received responses from the company. Slotie’s time to respond will be up officially on Thursday, which marks 28 days since the four states issued their orders, but an Alabama regulator says officials typically grant a few extra days in case of email delays. attempts to exercise authority over foreign companies on the state and federal levels, and how far the governments will go to prevent American investors from taking advantage of investment opportunities overseas. Slotie may not have the resources to fight the orders, but the case raises interesting questions about U.S.

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