OpenSea Says SEC Will End Investigation Into Ethereum NFT Marketplace

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into OpenSea, the leading Ethereum-based NFT marketplace, without pursuing any enforcement action. This development was announced by OpenSea's co-founder and CEO, Devin Finzer, who stated, "The SEC is closing its investigation into OpenSea. This is a win for everyone who is creating and building in our space."

This decision aligns with the SEC's recent trend under President Trump's administration to adopt a more crypto-friendly regulatory stance. Notably, the SEC has also agreed to dismiss its lawsuit against Coinbase, which had accused the crypto exchange of operating as an unregistered securities broker.

These actions suggest a significant shift in the regulatory landscape for cryptocurrency and blockchain-based platforms in the United States, potentially fostering a more conducive environment for innovation and growth within the sector.

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