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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
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The US Securities and Exchange Commission alleges tokens on OpenSea are unregistered securities.
Nonfungible token marketplace OpenSea said it has received a Wells Notice from the US Securities and Exchange Commission, indicating the regulator’s intention to sue the company.
The agency alleged the tokens on its platform are unregistered securities, OpenSea Chief Executive Officer Devin Finzer said in a blog post Wednesday. The SEC does not comment on the existence or nonexistence of a possible investigation, an agency spokesperson said.
