SEC drops investigation into NFT marketplace OpenSea
Article
Authors
Ciaran Lyons
Publish date
Feb 22, 2025 - 12:00am
Publisher
Cointelegraph
Web URL
https://cointelegraph.com/news/sec-closes-investigation-nft-platform-opensea
Referenced by
SEC has ended it’s investigation into OpenSea
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Finzer said that labeling NFTs as securities would have hurt the industry and stifled innovation.
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Quote
The industry has reacted positively to the SEC closing its investigation into OpenSea, which began in August 2024 when the regulator issued a Wells notice alleging the NFT exchange had operated as a marketplace for unregistered securities.
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