The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into OpenSea, signaling potential regulatory changes in the NFT space.
OpenSea has regained dominance in the Ethereum NFT market, now holding 71.5% market share, and experienced a significant increase in daily trade volume and transactions.
Ending the probe is seen as a positive development for NFT industry players, as classifying NFTs as securities could impose stricter control and hinder innovation.
The SEC dropping its case against OpenSea and Coinbase suggests a potential shift towards a more open approach in addressing the crypto and digital asset sector.