{"id":151496,"date":"2025-02-22T15:00:47","date_gmt":"2025-02-22T13:00:47","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151496"},"modified":"2025-02-22T12:33:58","modified_gmt":"2025-02-22T10:33:58","slug":"sec-drops-investigation-into-opensea-no-action-on-nfts","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/sec-drops-investigation-into-opensea-no-action-on-nfts\/","title":{"rendered":"SEC Drops Investigation Into OpenSea, No Action on NFTs"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/x.com\/dfinzer\/status\/1893086281300582772\" target=\"_blank\" rel=\"nofollow\">decision<\/a> <\/strong>brings relief to the NFT marketplace, marking the second case the regulator has dropped against a crypto platform on the same day.<\/p>\n<p>OpenSea\u2019s CEO, Devin Finzer, hailed the outcome as a victory for the NFT and Web3 industry, arguing that mislabeling NFTs as securities would have stifled innovation. He emphasized that creators should be free to build without unnecessary regulatory hurdles.<\/p>\n<p>The probe initially gained traction after OpenSea received a Wells notice last August, signaling potential enforcement action. In anticipation, the platform allocated $5 million to support NFT artists and developers facing similar scrutiny. With the case now closed, those funds will no longer be needed for legal defense.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/institutional-demand-for-bitcoin-and-ethereum-weakens-as-market-awaits-policy-shifts\/\" title=\"Institutional Demand for Bitcoin and Ethereum Weakens as Market Awaits Policy Shifts\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/The-Battle-Between-Ethereum-And-Bitcoin-As-BTC-Leads-The-Crypto-Race-1-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Institutional Demand for Bitcoin and Ethereum Weakens as Market Awaits Policy Shifts<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>This development comes at a crucial time for OpenSea, which is preparing to launch its token in 2025. A prolonged regulatory battle could have placed it at a disadvantage against competitors that have already integrated more deeply into the crypto economy.<\/p>\n<p>Earlier that same day, the SEC also announced plans to drop its lawsuit against Coinbase, suggesting a broader pullback from aggressive enforcement in the crypto space. However, major legal battles, including the ongoing case against Ripple, remain unresolved.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC has officially closed its investigation into OpenSea, deciding not to pursue legal action or classify NFTs as securities.<\/p>\n","protected":false},"author":9,"featured_media":30606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-151496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Drops Investigation Into OpenSea, No Action on NFTs<\/title>\n<meta name=\"description\" content=\"The SEC has officially closed its investigation into OpenSea, deciding not 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