No Charges for OpenSea NFT Marketplace as SEC Closes Case

Date:

February 23, 2025

In a major relief for the NFT industry, the United States Securities and Exchange Commission (SEC) has officially closed its investigation into OpenSea, one of the largest non-fungible token (NFT) marketplaces. OpenSea’s founder, Devin Finzer, announced the news on February 21, calling it “a win for everyone” in the space.

The SEC is closing its investigation into @opensea. This is a win for everyone who is creating and building in our space. Trying to classify NFTs as securities would have been a step backward—one that misinterprets the law and slows innovation.

Every creator, big or small,…

— dfinzer.eth | opensea (@dfinzer) February 21, 2025

The SEC closed its investigation into OpenSea just after it decided to drop a lawsuit against Coinbase. The regulator had accused Coinbase of running as an unregistered securities broker but later decided not to move forward with the case.

OpenSea came under SEC scrutiny in August…

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No Charges for OpenSea NFT Marketplace as SEC Closes Case

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