OpenSea Will get SEC ‘Wells Discover’ – Trade Response

OpenSea Will get SEC ‘Wells Discover’ – Trade Response

by Jeremy

This morning, OpenSea mentioned it had obtained a Wells Discover from the Securities Alternate Fee warning the company was about to sue the main NFT platform for violation of securities legal guidelines. The threatened motion is the newest in a protracted line of comparable strikes from the SEC, and the response from the crypto business has been fierce and near-uniform. Here’s a small, consultant pattern.

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