This morning, OpenSea said it had received a Wells Notice from the Securities Exchange Commission warning the agency was about to sue the leading NFT platform for violation of securities laws. The threatened action is the latest in a long line of similar moves from the SEC, and the reaction from the crypto industry has been fierce and near-uniform. Here is a small, representative sample.
Tyler Winklevoss, founder of Winklevoss Capital Management and the Gemini exchange:
Sheila Warren, CEO of the Crypto Council, a trade group (GG = Gary Gensler; leading an “anti-crypto army” was an ambition of Gensler ally Senator Elizabeth
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