The United States Securities and Exchange Commission (SEC) has concluded its investigation into the NFT marketplace OpenSea. CEO Devin Finzer announced that this decision represents a significant win for creators in the sector, emphasizing that regulatory classification of NFTs as securities could have stifled innovation. Finzer highlighted the importance of allowing both large and small creators to build without facing unnecessary obstacles. The SEC's inquiry followed claims that OpenSea operated as a marketplace for unregistered securities, a move that resonated with similar regulatory actions, including the dismissal of a lawsuit against cryptocurrency exchange Coinbase. This development is seen as a positive outcome for the evolving NFT landscape.

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