SEC issues Wells notice to NFT marketplace OpenSea, alleging some NFTs as securities.
U.S. Securities and Exchange Commission (SEC) issues Wells notice to NFT marketplace OpenSea, alleging that certain NFTs on its platform should be classified as securities. This move provokes concern over lack of clear cryptocurrency regulations and industry leaders calling for a more defined regulatory framework. OpenSea CEO, Devin Finzer, expresses shock at the SEC's decision and states that the company is prepared to fight the potential lawsuit.
August 28, 2024
113 Articles