On Wednesday, OpenSea, the largest marketplace for non-fungible tokens (NFTs), received a Wells notice from the US Securities and Exchange Commission (SEC), indicating the regulator’s intent to potentially initiate legal action, asserting that NFTs traded on the platform may be classified as securities.
CEO Devin Finzer Responds To SEC Wells Notice
OpenSea CEO Devin Finzer announced the news in a post on X (formerly Twitter), where he expressed his shock at the SEC’s decision. Finzer emphasized the impact this move could have on creators and artists, for which he noted, “We are ready to stand up and fight.”
The SEC has long been scrutinizing the cryptocurrency and digital asset landscape, targeting various companies, including Coinbase, Uniswap, and Kraken, for perceived regulatory violations.
Finzer criticized the SEC’s regulation by enforcement approach, arguing that it stifles innovation and poses risks to “hundreds of thousands” of artists and creat
We współpracy z: https://bitcoinist.com/opensea-faces-sec-wells-notice/
