<ul><li>The US Securities and Exchange Commission (SEC) has officially discontinued its investigation into OpenSea, the leading NFT marketplace.</li><li>This decision concludes months of uncertainty regarding the regulatory status of NFTs and their classification under US securities laws.</li><li>OpenSea asserted that the classification of NFTs as securities would impede innovation and the SEC's decision suggests that this argument resonated with them.</li><li>The SEC's action may have far-reaching consequences and industry watchers expect policymakers to create explicit guidelines to address investor protection and market integrity concerns.</li></ul>

OpenSea Dodges A Bullet As SEC Drops Investigation—Details

Discover more