OpenSea's dropped SEC investigation was applauded by the crypto industry and may signal a shifting sentiment toward a more pro-crypto stance

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The decision is seen as positive for the cryptocurrency industry and NFT creators and comes shortly after the SEC moved to end its lawsuit against Coinbase.

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.