23/2/2025, 10:45:04 am

SEC Drops OpenSea Investigation Easing Pressure on NFT Market

The SEC has closed its investigation into OpenSea, which was launched in August 2024 over allegations of operating as an unregistered securities marketplace. OpenSea's CEO Devin Finzer called it a win for the NFT and crypto space, avoiding NFTs being classified as securities. The news also boosted activity for the LOOKS token.