This time the US government declared war on NFTs: OK, but why?
August 29, 2024
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U.S. Securities and Exchange Commission (SEC) has recently stepped up its game in crypto assets. In recent periods, the institution has traded on exchanges such as Binance, Coinbase,
U.S. Securities and Exchange Commission (SEC) has recently stepped up its game in crypto assets. In recent periods, the institution has traded on exchanges such as Binance, Coinbase, Kraken and Robinhood. lawsuits filed. He also held several meetings with decentralized finance companies such as Uniswap. The latest news is that the SEC is taking action against crypto. of the editions It shows that it won’t be just these.
One of the largest NFT markets in the world Open SeaDevin Finzer, CEO of , posted a message on X announcing that the SEC had sent them a “Wells Notice.” This was significant because it posed a potential risk to a company that had received a Wells notice. sanctions are inevitable. CEO of OpenSea, NFTs of SEC security He said he sent this message because he started seeing it as such.
‘We were shocked by such a big step’
In response to the SEC taking such a big step against NFT producers and the investors who invest in them they were shocked OpenSea CEO stated that they are still prepared for anything and will fight against a potential lawsuit. Devin Finzer says NFT producers have enough to defend themselves against the SEC They do not have financial resourcesHe also stated that such a situation could directly affect the sector.
SEC has not made any official statement on this matter. didn’t do it. However, the news is a clear indication that the institution is preparing to shake up the cryptocurrency industry once again. If we look at what has happened in the past, this event will of course result in an agreement in one way or another, but the process will affect both the NFT investor and the NFT producer. will get it into trouble apparently.
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.