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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)