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OpenSea Expecting SEC Lawsuit Over NFTs Being Securities, Says CEO OpenSea Expecting SEC Lawsuit Over NFTs Being Securities, Says CEO

OpenSea Expecting SEC Lawsuit Over NFTs Being Securities, Says CEO

August 28, 2024

Prominent NFT marketplace OpenSea is expecting a lawsuit from the United States Securities and Exchange Commission (SEC), co-founder and CEO Devin Finzer said Wednesday, due to what he said is scrutiny over whether NFTs should be considered securities.

“OpenSea has received a Wells Notice from the SEC threatening to sue us because they believe NFTs on our platform are securities,” Finzer tweeted. “We’re shocked the SEC would make such a sweeping move against creators and artists. But we’re ready to stand up and fight.”

Editor’s note: This story is breaking and will be updated with additional details.

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Andrew Hayward

https://decrypt.co/246788/opensea-facing-sec-lawsuit-nfts-securities

2024-08-28 14:13:17

byAndrew Hayward
Updated

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