
SEC Cracks Down on NFTs: OpenSea Faces Potential Lawsuit
Hey FinTech Fanatic!
The SEC has targeted OpenSea, a leading NFT marketplace, with potential litigation, alleging that some NFTs on the platform may be unregistered securities. OpenSea’s CEO, Devin Finzer, confirmed receiving a Wells notice, a precursor to enforcement action.
This move is part of the SEC’s broader