**đ Crypto Community Rallies Against SECâs OpenSea Wells Notice**
- Leaders and advocacy groups are shaking their heads at the SEC and its chair, Gary Gensler, for issuing a Wells notice to NFT marketplace OpenSea.
- OpenSea CEO Devin Finzer revealed the SEC's warning about potential enforcement action, marking a rare instance of NFTs being eyed as unregistered securities.
- Ji Kim from the Crypto Council for Innovation called the SEC's stance "utterly ridiculous," while Uniswapâs Katherine Minarik quipped, "If NFTs are securities, everything collectible is a security."
- Finzer vowed to fight back, pledging $5M for legal fees to support NFT creators.
- Gensler, known for his crypto crackdowns, faces criticism from both sides of the political aisle.
Stay tuned as the crypto world watches this space! đ