BlockBeats news, September 14, last month OpenSea received a notice from the U.S. SEC Wells. Although the regulator had previously taken enforcement actions against NFT projects, the disclosure against OpenSea showed that the U.S. SEC has begun to review entities that provide trading platforms for NFTs, not just the entities that initially provided these platforms.

Magic Eden has not yet become a target of the SEC, but its CEO Lu admitted that the lawsuit against OpenSea could have a broad impact on the cryptocurrency field, which is relatively untouched by regulators compared to exchanges or cryptocurrency issuers. "Unclear regulation is basically inevitable." Lu said, "If this incident can make this field clearer, I welcome it."