OpenSea's dropped SEC investigation was applauded by the crypto industry and may signal a shifting sentiment toward a more pro-crypto stance

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OpenSea's dropped SEC investigation was applauded by the crypto industry and may signal a shifting sentiment toward a more pro-crypto stance

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The industry has reacted positively to the SEC closing its investigation into OpenSea, which began in August 2024 when the regulator issued a Wells notice alleging the NFT exchange had operated as a marketplace for unregistered securities.

The decision is seen as positive for the cryptocurrency industry and NFT creators and comes shortly after the SEC moved to end its lawsuit against Coinbase.

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Crypto news