Yesterday Devin Finzer, the CEO of NFT marketplace OpenSea, revealed he received a Wells Notice of impending legal action by the SEC, because the regulator believes NFTs on the platform are securities.
While perhaps a small subset of NFTs could be securities, the SEC’s goal is broader.
Almost a year ago it settled with the creators of the Stoner Cats NFT series regarding an ‘unregistered offering of crypto asset securities’.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
Image Copyright: alidrian / 123rf
