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OpenSea announced the conclusion of a securities investigation by the SEC, with no enforcement action recommended against the NFT platform. This development follows similar withdrawals of SEC scrutiny from other crypto firms, hinting at a possible shift in enforcement under new leadership.
What’s the Scoop?
- OpenSea Investigation Closure: The U.S. Securities and Exchange Commission has ended its investigation into OpenSea, after initially issuing a Wells Notice last year.
- Pro-Crypto Leadership: The conclusion of the investigation coincides with increased pro-crypto sentiments at the SEC under Acting Chairman Mark T. Uyeda.
- Regulatory Adjustments: The SEC's decision to drop its investigation of OpenSea could signal a broader reevaluation of its approach to cryptocurrency oversight.
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