OpenSea Co-Founder Criticizes SEC's Stance on NFTs

According to Odaily, OpenSea co-founder Devin Finzer expressed his shock on the X platform regarding the U.S. Securities and Exchange Commission's (SEC) classification of NFTs as securities. Finzer criticized the SEC's extensive actions against creators and artists, stating that he is prepared to stand up against such measures. He emphasized that NFTs are fundamentally creative goods and should not be regulated in the same manner as collateralized debt. Finzer warned that if creators cease producing digital art due to regulatory threats, it would lead to a dire future for the digital art community.