Regulators Back Off From Crypto Industry As SEC Shuts Down Investigation Into NFT Marketplace OpenSea
The U.S. Securities and Exchange Commission (SEC) has withdrawn its probe into the non-fungible token (NFT) marketplace OpenSea as the federal government concludes its war on crypto.
According to a post from OpenSea CEO Devin Finzer on the social media platform X, the SEC is ending its investigation into the company.
“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.”
Last year, Finzer announced that OpenSea had received a Wells notice…
