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OpenSea received a Wells notice from the SEC in August 2024, indicating the agency's intent to initiate enforcement action for operating as an unregistered securities marketplace
Devin Finzer, CEO of OpenSea, declared that trying to classify NFTs as securities would have been a misinterpretation of the laws and would slow innovation
Devin Finzer, OpenSea CEO, announced the SEC closed its investigation into the NFT marketplace
OpenSea's dropped SEC investigation was applauded by the crypto industry and may signal a shifting sentiment toward a more pro-crypto stance
OpenSea was the dominant NFT digital art and collectibles marketplace during the 2021-2022 NFT boom

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