SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities

The U.S. Securities and Trade Fee (SEC) has issued a Wells discover to Opensea, signaling potential enforcement motion in opposition to the NFT market. Opensea’s CEO criticized the SEC’s transfer, claiming it may negatively affect innovation and creators’ livelihoods. The platform is ready to contest the motion and has dedicated $5 million to help NFT creators going through […]



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