The Digital Chamber Calls SEC’s Wells Notice to OpenSea an Abuse of Power

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The Digital Chamber Calls SEC’s Wells Notice to OpenSea an Abuse of Power: In August 2024, the U.S.

Securities and Exchange Commission (SEC) issued a Wells Notice to OpenSea, the largest non-fungible token (NFT) marketplace, sparking controversy within the cryptocurrency industry.

By targeting OpenSea, the SEC appears to be signaling that it intends to regulate certain types of NFTs as securities, particularly if they are marketed as investments or offer the potential for financial gain.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Latest News The Digital Chamber

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-11 @ 01:48:55 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1153 words

Reading Time: 7 minutes read

Sentences: 52 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22454202

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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News Last Updated: 8 hours ago

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