Devin Finzer on Farcaster

Devin Finzer pfp

OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities. We're shocked the SEC would make such a sweeping move against creators and artists. But we're ready to stand up and fight. This is a move into uncharted territory. By targeting NFTs, the SEC would stifle innovation on an even broader scale: hundreds of thousands of online artists and creatives are at risk, and many do not have the resources to defend themselves. In addition to standing our own ground, we're pledging $5M to help cover legal fees for NFT creators and devs that receive a Wells notice. Every creator, big or small, should be able to innovate without fear. I hope the SEC will come to its senses sooner rather than later, and that they'll listen with an open mind. Until then, we'll stand up and fight for our industry. Onwards 🌊⛵️

81 replies

263 recasts

627 reactions

Jithin Raj pfp

Bold move, we stand with crypto.👏

0 reply

0 recast

15 reactions

Noah Bragg 🔥 pfp

Noah Bragg 🔥

We stand with you!

0 reply

0 recast

6 reactions

czar pfp

Does the notice apply broadly to all NFTs on opensea or just some?

0 reply

0 recast

0 reaction

Corbin Page pfp

Thanks for fighting this fight. Builders stand with you. 10000 $DEGEN

0 reply

0 recast

0 reaction

Greg Lang pfp

Can’t wait to see you guys win—something much easier to envision in a post-Chevron universe

0 reply

0 recast

0 reaction

Erik pfp

ridiculous, standing with u guys ✊

0 reply

9 recasts

114 reactions

jp 🎩 pfp

can you explain what pledging means in this context?

0 reply

0 recast

10 reactions

Drip pfp

im going to save opensea with my Monday mint don't worry dog

0 reply

0 recast

3 reactions

NodestarQ🎩🪨 pfp

NodestarQ🎩🪨

https://x.com/adamscochran/status/1828831637439967620 could potentially be helpfull for the whole nft space

0 reply

0 recast

1 reaction

Kenji pfp

SEC coming to their senses? Nuh-uh... they are unhinged my fren. But I stand with you guys and wish for the best outcome.

0 reply

0 recast

1 reaction

Josh pfp

And now the SEC have dropped the investigation!

0 reply

0 recast

0 reaction

Cryptokelly53 pfp

Most likely it’s just a political election cycle move in opposition to the other side.

0 reply

0 recast

0 reaction

bevis1239 pfp

thats sound good

0 reply

0 recast

0 reaction

DefiSecret pfp

This happens because SEC are never held accountable for them pulling random triggers like this

0 reply

0 recast

0 reaction

DefiSecret pfp

SEC should get sued and fired. They’re been pulling trigger randomly and all of them were lifted

0 reply

0 recast

0 reaction

Bornosor pfp

In the name of freedom, decentralization and the web3 ethos you keep purporting to fight and stand for, maybe lift those stupid blanket bans over literally millions of creators, artists and active productive participants in the space whom you have shamelessly purged from your platform just because of their nationality.

0 reply

0 recast

0 reaction

alpurrt [🔵🧀 🎩 🌈] pfp

alpurrt [🔵🧀 🎩 🌈]

Now that I think of it.. what ever happened to the late 2022 probe launched by the SEC into Yuga? I mean… this is disingenuous of them to never have expounded upon that (publicly)…

0 reply

0 recast

0 reaction

David Horvath pfp

if our testimony helps, it is all yours. We've minted digital fine art originals on opensea since 2021 and have collected just as many as we've sold. Same team 100%.

0 reply

0 recast

0 reaction

Christopher Cialone📚🇺🇸 pfp

Christopher Cialone📚🇺🇸

Are dealing with communists — what’s did everyone think was going to happen Support Trump, that way we don’t have to move crypto industry out of America. That will be it only next move if the Democrat globalists snatch another election

0 reply

0 recast

0 reaction