Popular NFT marketplace OpenSea is awaiting a lawsuit from the U.S. Securities and Exchange Commission (SEC) regarding whether NFTs should be considered securities, co-founder and CEO Devin Finzer said Wednesday.

Devin Finzer – CEO OpenSea 

“OpenSea has received a Wells Notice from the SEC threatening to sue us because they believe NFTs on our platform are securities. We are shocked that the SEC would take such a sweeping action against creators and artists. But we are ready to stand up and fight,” Finzer tweeted.

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