OpenSea’s SEC Investigation Ends: New Horizons for NFT and Crypto Markets – BitRss

According to Bloomberg, leading NFT ($0.00) marketplace OpenSea announced the conclusion of an investigation by the U.S. Securities and Exchange Commission (SEC). Earlier this month, the platform launched the beta version of its new platform OS2 and announced the SEA coin AirDrop. Following this development, U.S. users will also be granted access to the AirDrop.

Details of the SEC’s Investigation and AirDrop Controversies

The SEC had initiated an investigation into OpenSea last year, alleging that NFTs on the platform were unregistered securities. At that time, OpenSea’s CEO Devin Finzer stated that the SEC was creating “widespread pressure” on artists and creators, and expressed readiness to fight back.

OpenSea CEO Devin Finzer’s Statement

Furthermore, AirDrops remain among the topics where the SEC has not established clear legal guidelines. In September 2023, Patrick McHenry and Tom Emmer from the U.S. House of R…