Non-fungible tokens may have to be treated like stocks with all the regulatory compliance resulting from that fact, claims a Securities and Exchange Commission probe. Meanwhile, a Treasury Department study says NFTs may need more regulation to avoid money laundering activities pertinent to "high-value art."
https://www.notebookcheck.net/NFT-regulation-probes-for-money-laundering-and-fractional-lending-launched-by-the-Treasury-and-SEC.606024.0.html