Odaily Planet Daily News OpenSea co-founder and CEO Devin Finzer announced that the SEC has concluded its investigation into the Non-fungible Token market. He stated that this is a huge victory for the entire field, believing that classifying Non-fungible Tokens as securities is a misunderstanding of the law and will hinder innovation. Previously, the SEC issued a Wells notice to OpenSea in August 2024, accusing it of operating as an unregistered securities trading platform. Despite being competitors, Magic Eden's Chief Business Officer Chris Akhavan believes this is a major victory for the Non-fungible Token industry, and both companies are deeply convinced of the potential of Non-fungible Tokens. (Cointelegraph)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
SEC terminates investigation into OpenSea
Odaily Planet Daily News OpenSea co-founder and CEO Devin Finzer announced that the SEC has concluded its investigation into the Non-fungible Token market. He stated that this is a huge victory for the entire field, believing that classifying Non-fungible Tokens as securities is a misunderstanding of the law and will hinder innovation. Previously, the SEC issued a Wells notice to OpenSea in August 2024, accusing it of operating as an unregistered securities trading platform. Despite being competitors, Magic Eden's Chief Business Officer Chris Akhavan believes this is a major victory for the Non-fungible Token industry, and both companies are deeply convinced of the potential of Non-fungible Tokens. (Cointelegraph)