NFTs Marketplace OpenSea Gets a Wells Notice from SEC
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The CEO of OpenSea, Devin Finzer, has announced on X that the company had been served a Wells notice from the Securities and Exchange Commission alleging that the NFTs traded on their platform may be considered securities under securities laws.
Finzer stated that OpenSea is prepared to defend itself against the potential lawsuit and protect the hundreds of thousands of artists and creators who use their platform.
Although receiving a Wells notice does not necessarily mean that the SEC will file a complaint, it does indicate that the company is under investigation by the SEC.
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