🇺🇸 #SEC Plans to Sue #OpenSeaMarket !

SEC Issues Wells Notice to Marketplace – NFTs Are “Securities”

OpenSea CEO: “We Are Shocked by the SEC’s Radical Actions Against Creators and Artists. But We Are Ready to Fight.”

✔️“NFTs Are Art, Collectibles, Video Games, Domain Names, Event Tickets, and More.”

✔️“We Shouldn’t Regulate Digital Art the Same Way We Regulate Securities.”

💡A Wells is a formal notice from the SEC informing the recipient that the agency plans to take enforcement action against them.