<ul><li>The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into OpenSea without classifying NFTs as securities.</li><li>The move is considered a victory for the NFT industry, although regulatory uncertainty remains.</li><li>SEC's decision comes following the recent dropping of a lawsuit against Coinbase, indicating a potential shift in the regulatory approach to crypto-related enforcement.</li><li>OpenSea has established a $5 million legal defense fund to support NFT developers and creators, addressing concerns about regulatory challenges.</li></ul>

SEC Drops OpenSea Investigation and NFTs Enter a New Era

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