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Why is the SEC going after digital art and monkey pictures?
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Why is the SEC going after digital art and monkey pictures?

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Why is the SEC going after digital art and monkey pictures?
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Source: Coin Telegraph

The SEC has targeted the largest NFT marketplace for unregistered securities trading, and the crypto community is outraged.

The United States Securities and Exchange Commission issued a Wells notice to OpenSea on Aug. 28, stating that the non-fungible token (NFT) exchange had served as a marketplace for unregistered securities.

OpenSea CEO Devin Finzer said he was “shocked” by the SEC action.

The crypto community protested the notice, which serves as a warning that the SEC may take enforcement action against the exchange. 

Read more

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Author: Daniel Ramirez-Escudero

Related posts:

  1. Prosecutors argue ‘insider trading’ claim in the OpenSea case is accurate
  2. SEC’s ‘brute force’ crypto regulation attempt is ‘bad policy’ — Paradigm
  3. SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities
  4. Coinbase and top execs face securities class action over Nasdaq listing
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