A group of blockchain advocates urged the United States Congress to clearly define NFTs in response to the SEC Wells notice to OpenSea.
Read moreDigital Chamber calls for Congress to address SEC actions against NFTs
The CEO of OpenSea reported receiving a Wells notice from the SEC in August, suggesting that the commission could be taking a new regulatory approach
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U.S. SEC vs. OpenSea: The Reasons and Background Behind Increasing NFT Market Regulation
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Read moreOpenSea receives SEC Wells notice, monthly NFT sales fall below $400M: Nifty Newsletter
OpenSea CEO Devin Finzer said that the NFT marketplace received a Wells notice from the SEC, suggesting potential enforcement action from the agency.
Read moreMagic Eden dominates NFT trading volume, surpassing Blur and OpenSea: CoinGecko
Magic Eden led the NFT market in August with $122.47 million in trading volume, securing 36.7% market share.
Read moreWhy is the SEC going after digital art and monkey pictures? Law Decoded
OpenSea faces SEC scrutiny as the debate over NFTs as unregistered securities heats up, causing a stir in the crypto world.
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