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

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Source: Coin Telegraph

OpenSea faces SEC scrutiny as the debate over NFTs as unregistered securities heats up, causing a stir in the crypto world.

On Aug. 28, the United States Securities and Exchange Commission issued a Wells notice to OpenSea, the non-fungible token (NFT) marketplace.

OpenSea CEO Devin Finzer was “shocked” when the SEC accused the exchange of being a marketplace for unregistered securities.

The announcement resulted in an uprising in the crypto community, led by Finzer’s statement that OpenSea was prepared to “stand up and fight.”

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Author: Josh O'Sullivan

Related posts:

  1. Prosecutors argue ‘insider trading’ claim in the OpenSea case is accurate
  2. SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities
  3. Why is the SEC going after digital art and monkey pictures?
  4. SEC boss says DeFi platforms are ‘highly centralized’ and will need to register
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