The SEC issues a Wells notice to Opensea, alleging that NFTs on the market are securities

The US Securities and Exchange Commission (SEC) has issued a Wells Notice to Opensea, signaling potential enforcement action against the NFT market. Opensea’s CEO criticized the SEC’s move, saying it could negatively impact innovation and creators’ livelihoods. The platform is prepared to challenge the action and has committed $5 million to support NFT creators facing (…)