Reported about 1 month ago
The SEC has issued a Wells notice to OpenSea, raising concerns about the future of NFTs and their regulation. Industry experts, including Idan Zuckerman, argue that the SEC's approach lacks clarity and that not all NFTs should be considered securities. While some believe the market is largely unaffected, there are worries about a chilling effect on innovation in the space. The ongoing legal battles may lessen the market's concern over the SEC's actions as they continue to strike down NFT projects.
Source: YAHOO