SEC waves white flag on OpenSea probe, CEO says ‘this is a win’

The SECURITIES AND EXCHANGE Commission (SEC) of the United States officially supports its investigation into NFT Marketplace OpenSea – another example of the cryptographic industry benefiting from loose regulations under the Trump administration.

The co-founder and CEO of Opensea, Devin Finzer, shared the news on Friday evening. The announcement came to the heels of Coinbase announcement that the dry dropped her file against them.

“The dry closes his investigation into [Opensea]. This is a victory for all those who create and build in our space, “said Finzer on X.” Trying to classify the NFT as titles would have been a step back – the one who interprets the law badly and slows down Innovation. Each creator, large or small, should be able to build freely without unnecessary barriers. »»

Last August, Finzer revealed that Opensea received An opinion of well warning potential loads linked to unregistered securities. Opensea had sworn to retaliate, and now it seems that the market has come out in the lead.

Dry of Trump: repressions of crypto love letters

If all this looks like a model, it is because it is the case. President Donald Trump received millions of contributions to the cryptographic industry campaign before the elections in 2024, according to Bloomberg.

The former president of the Sec, Gary Gensler, a former banker of Goldman Sachs who became a regulatory Bulldog, led the most difficult repression that the cryptography industry has ever seen. Under his watch, the dry came after everyone from the Titans of the Industry like Opensea, Coinbase and Ripple, the company behind XRP.

Ripple and the dry have been in a legal spit since 2020. The regulator accused Ripple Labs of selling unregistered titles, but judge Analisa Torres judged that XRP was not a title when it was sold for exchanges, but Determined that its institutional sales had violated the laws on securities. She ordered Ripple to pay $ 125 million, significantly lower than the initial demand of 2 billion dollars in the sec.

Both parties Calls filedBut the dry can withdraw his case now that Trump has appointed the SEC Pro-Crypto Commissioner Paul Atkins to be president of the agency.

Essentially, the repression of the crypto under peopleler slows now and the agency adopts a more of a faire, illustrated by the ads Coinbase and Opensea.

OPENSEA’s Sea Airdrop

Meanwhile, Opensea does not only celebrate its victory for the SEC – it also organizes a party in the form of an air card of sea token. The Opensea Foundation announced on Thursday that it would reward active, loyal and loyal users and Long standing of its NFT market and its maritime port protocol with free tokens.

Although the details are still blurred at the moment when the sea token is really launched, Opensea traders are already rubbing their hands at the idea of ​​free digital loot. The company also deployed OS2, a new multi-chain trading platform.