OpenSea CEO Fights SEC, Pledges $5 Million to Support Creators Facing Similar Notices

On August 28, Devin Finzer, the co-founder and CEO of OpenSea, revealed that the US Securities and Exchange Commission (SEC) has issued a Wells notice to the NFT marketplace.  This notice, which often precedes legal action, suggests that the SEC believes OpenSea may have violated federal securities laws by facilitating the sale of NFTs that could be considered securities. Community... source: https://beincrypto.com/opensea-sec-wells-notice-nft-marketplace/