
Shavnam
@shavnam
1 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
84 replies
0 recast
105 reactions
0 reply
0 recast
0 reaction
0 reply
1 recast
24 reactions
💥 The U.S. SEC is investigating the NFT marketplace OpenSea.
💬 OpenSea's CEO, Devin Finzer, announced that the company received a notice of investigation from the SEC, in which the agency threatens to sue them. The SEC, as with other crypto platforms, equates NFT transactions to dealings in unregistered securities, which violate U.S. laws.
The notices (commonly known as Wells notices), one of which was received by OpenSea administrators, warn of potential enforcement actions as part of the investigation into the company's activities.
✔️ Similar notices were previously sent to exchanges like Coinbase and Kraken, broker Robinhood, the administrators of the decentralized exchange Uniswap, and the developers of the MetaMask crypto wallet—Consensys.
OpenSea is one of the first and largest players in the NFT market. Following the news of the SEC investigation, the tokens of the largest NFT marketplace Blur (BLUR) and the NFT market aggregator Tensor (TNSR) reacted with a decline. 0 reply
1 recast
20 reactions
0 reply
0 recast
24 reactions
0 reply
1 recast
27 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
21 reactions
0 reply
1 recast
32 reactions
0 reply
0 recast
0 reaction
0 reply
1 recast
47 reactions
0 reply
1 recast
39 reactions
0 reply
1 recast
42 reactions
0 reply
2 recasts
40 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction