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SEC Ends I...
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SEC Ends Investigation Into OpenSea, A Relief for NFTs

  • 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.

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