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The SEC is ending its investigation into NFT ($0.00) marketplace OpenSea, co-founder and CEO Devin Finzer said late Friday, following Coinbase’s announcement earlier in the day that the SEC intends to drop charges against the crypto exchange.
“The SEC is closing its investigation into OpenSea. This is a win for everyone who is creating and building in our space,” Finzer wrote on X. “Trying to classify NFTs as securities would have been a step backward—one that misinterprets the law and slows innovation. Every creator, big or small, should be able to build freely without unnecessary barriers.”
Bloomberg added that the SEC does not intend to recommend enforcement action against OpenSea.
The SEC is closing its investigation into @opensea. This is a win for everyone who is creating and building in our space. Trying to classify NFTs as securities would have been a step backward—one that misinterprets the law and slows innovation.
Every creator, big or small,…
— dfinzer.eth | opensea (@dfinzer)
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