SEC Waves White Flag in OpenSEA Probe, CEO says 'This is a victory'

The US stock and values ​​commission. UU. (SEC) is officially supporting its research in the nft Opensa market, another example of the cryptographic industry that benefits from the loose regulations under the Trump administration.

The co -founder and CEO of Opensa, Devin Finzer, shared the news on Friday night. The announcement occurred immediately after Coinbase's announcement that the SEC was dropping its case against them.

“The SEC is closing its investigation in (Opensa). This is a victory for all those who are creating and building in our space, “said Finzer in x.” Trying to classify nft as values ​​would have been a step back, one that misunderstands the law and slows innovation. Each creator, large or small, should be able to build freely without unnecessary barriers. “

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Last August, Finzer revealed that Opensa received a warning warning of possible positions related to unregistered values. Opensea had promised to defend himself, and now it seems that the market has come out at the top.

Trump sec: from repressions to cryptographic love letters

If all this sounds like a pattern, it is because it is. President Donald Trump received millions in campaign contributions from the cryptographic industry that is directed to the 2024 elections, according to <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-11-06/sec-crypto-enforcement-slated-for-major-rollback-under-trump?sref=TBDibEcD” target=”_blank” rel=”nofollow”>Bloomberg.

The former president of the SEC, Gary Gensler, a former Goldman Sachs banker turned into regulatory bulldog, led the most difficult repression than the cryptographic industry. Under his watch, the SC came after all the titans of the industry such as Opensaa, Coinbase and Ripple, the firm behind XRP.

Ripple and the SEC have been in a legal dispute since 2020. The regulator accused Ripple Labs of selling unregistered values, but Judge Analisa Torres ruled that XRP was not security when sold to exchanges, but determined that its institutional sales violated the values ​​of values. She ordered Ripple to pay $ 125 million, significantly lower than the initial demand of $ 2 billion of the SEC.

Both parties presented appeals, but the SEC can withdraw their case now that Trump nominated the commissioner of the SEC Pro-crypto Paul Atkins to be president of the agency.

Essentially, the repression of criptography under Gensler is now slowing down and the agency is adopting a more Laissez-Faire approach, exemplified by the Coinbase and Opensa ads.

OpenSea Mar Airdrop

Meanwhile, Opensa not only celebrates your victory in the SEC, you are also organizing a party in the form of a marine drop. The Opensa Foundation announced Thursday that it will reward active users, loyal and for a long time of its nft market and port protocol with free tokens.

While the details are still confused about when the Marine Token will be launched, Opensa merchants already rub their hands in the face of the idea of ​​free digital loot. The company has also launched OS2, a new multi -chain negotiation platform.