Well, darlings, it seems the United States Securities and Exchange Commission (SEC) has finally decided to put down its magnifying glass and call it a day on the OpenSea investigation. How positively thrilling! 🎉
“The SEC is closing its investigation into OpenSea. This is a win for everyone who is creating and building in our space,” declared the ever-optimistic OpenSea founder and CEO, Devin Finzer, in a rather chipper post on X, dated February 21. One can only imagine the confetti raining down! 🎊
Finzer went on to say that labeling NFTs as securities would have been akin to putting a straitjacket on creativity—how dreadfully suffocating! “Every creator, big or small, should be able to build freely without unnecessary barriers,” he proclaimed, as if he were the guardian angel of innovation. 😇
Let us not forget the drama of August 2024, when the SEC issued a Wells notice to OpenSea, suggesting it was a marketplace for unregistered securities. Oh, the scandal! It was like a soap opera, but with fewer plot twists and more paperwork.
And just hours before this revelation, the SEC decided to dismiss its lawsuit against Coinbase, which was accused of operating as an unregistered securities broker. One can only wonder if they had a little too much champagne at the office party! 🍾
This is a developing story, and as always, we shall keep you updated with the latest gossip as it unfolds. Stay tuned, my dear friends! 📺
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2025-02-22 04:06