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The SEC concludes the examination of OpenSea and rejects it to pursue charges for NFT market business

The US Securities and Exchange Commission (SEC) has completed its investigation by OpenSea, the leading NFT marketplace.

The US Securities and Exchange Commission (SEC) has completed its investigation by OpenSea, the leading NFT marketplace. The investigation started in August 2024 was part of the broader efforts of the SEC to regulate digital platforms that could be regarded as non -registered securities marketplaces. OpenSea was initially issued a Wells announcement that signaled potential enforcement measures. On February 21, 2025, CEO Devin Finzer, however announced that the SEC would not pursue charges against the platform. This decision marks a victory for Openea and the wider NFT community, as it avoids to classify NFTs as securities, which could have suppressed innovation.

The examination of OpenSea is part of the broader procedure of the SEC against digital platforms, including the lawsuit against Coinbase. This case accused coin base of acting as a non -registered securities broker, but was also released. The decisions of the SEC come after President Donald Trump accepted his office, which has led to changes in the regulatory guidelines in relation to digital assets. These changes indicate a more crypto -friendly attitude of the Sec.

The decision to close the OpenSea examination was made positively by many in the NFT industry. Chris Akhavan from Magic Eden called it a victory for the NFT room, while the popular Krypto figure Beanie suggested that this could lead to the growth of the market. Many believe that the non-action of the SEC will contribute to clarifying regulatory uncertainties and promoting more innovations.

Despite the investigation, OpenSea has further expanded its services. The platform recently announced the upcoming start of a project called SEA, although details on the publication of the token do not yet have to be announced. OpenSea was also criticized for the Airdrop Rewards system. Some users accuse it of promoting the washing trade and concentrating on the generation of fees instead of benefiting the community.

A modest recovery was achieved in the NFF sales in 2024. According to Cryptoslam, the total turnover of 8.83 billion US dollars amounted to, which corresponds to a slight increase compared to 2023 $ 8.7 billion. Ethereum and Bitcoin led the market with 3.1 billion US dollars, while Solana followed at 1.4 billion US dollars. However, these figures remain significantly among the tips from 2021 and 2022, when sales reached $ 15.7 billion or $ 23.7 billion. The market showed signs of recovery in the last quarter of 2024, whereby the monthly turnover in October, November and December grew.

Openea, which once dominated the Ethereum-based NFT market, has decreased over the years over the years as the competition. However, the conclusion of the SEC examination and the upcoming start of the Sea Token could help to ensure that the platform regains its earlier position in the NFT room.

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