According to BlockBeats, on September 14, OpenSea received a notice from the U.S. SEC Wells last month. Although regulators have previously taken enforcement actions against NFT projects, this disclosure against OpenSea indicates 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's attention, but its CEO Lu acknowledged that the lawsuit against OpenSea could have broad implications for the cryptocurrency space. Lu said, "Regulatory clarity is basically inevitable. If this incident can bring more clarity to this field, I welcome it."
