SEC Issues Wells Notice Over NFT Listings But OpenSea is Ready to Defend NFT Community with $5 Million Legal Fund
The SEC issued a Wells notice to OpenSea, claiming certain NFTs on its platform may qualify as securities, marking a significant regulatory shift towards the NFT sector. OpenSea’s CEO, Devin Finzer, responded by defending the creative freedom of artists and announcing a $5 million legal fund to support NFT creators.
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