- SEC ends the OpenSea investigation, signaling a positive shift for NFT ($0.00) industry regulation.
- The Coinbase lawsuit dismissal hints at a more crypto-friendly U.S. regulatory environment.
The U.S. Securities and Exchange Commission (SEC) has officially concluded its investigation into OpenSea, the leading non-fungible token (NFT) marketplace.
This development, confirmed by OpenSea’s founder, marks a significant milestone for the platform as it navigates the evolving regulatory landscape surrounding digital assets and NFTs.
OpenSea founder celebrates its victory
Taking to X, OpenSea founder Devin Finzer noted,
“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, should be able to build freely without unnecessary barriers.”
OpenSea’s regulatory battle took a decisive turn after the U.S. Securities and Exchange Commission (SEC) officially closed its investigation into the NFT marketplace.
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