OpenSea investigation dropped by SEC
The move aligns with the SEC’s recent trend, including dropping a case against Coinbase, suggesting a more relaxed regulatory stance under the current administration.
The US Securities and Exchange Commission (SEC) has decided to close its investigation into NFT marketplace OpenSea, marking a significant win for the cryptocurrency industry. OpenSea’s CEO, Devin Finzer, shared the news, calling it a victory for creators and innovators in the space. He expressed relief that the SEC would not classify NFTs as securities, as this could have hindered progress and innovation.
The move follows a similar announcement from Coinbase, where the SEC dropped its case against the exchange. The shift towards a more relaxed regulatory stance under the current administration is seen as a sign that the crypto industry may be gaining ground.
In addition to the regulatory win, OpenSea has announced a new SEA token airdrop, rewarding loyal users of its platform and Seaport protocol. Though details on the launch remain unclear, the move has excited the community. OpenSea has also launched OS2, a new multi-chain trading platform, further enhancing its services.
The SEC’s decision signals a shift in the regulatory landscape, as crypto-friendly policies seem to gain momentum under the influence of pro-crypto figures within the agency.
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