![](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmEwZGItNzQ4NC03MjI1LThiOWQtYzE4NjcxNjhmOGYz.jpg\")
\n <\/p>\n\n \n <\/p>\n
The ending of enforcement actions against several crypto firms, indicates a changing tide when it comes to crypto regulation, says Finzer.<\/p>\n
The Securities and Exchange Commission\u2019s (SEC) enforcement app<\/a>roach on crypto firms has left a lasting \u201cregulatory overhang\u201d within the industry, according to Devin Finzer, co-founder and CEO of OpenSea.\u00a0<\/p>\n Speaking to Cointelegraph, Finzer said that during Biden’s administration the agency unfairly targeted good actors in the crypto space, including OpenSea. \u201cThere’s all sorts of digital assets, you know, you shouldn’t treat them all the same. That’s obvious. But I think the approach that the prior SEC was taking was kind of this, you know, very, very generic.\u201d<\/p>\n The SEC issued a Wells notice \u2014 a formal notification that is often a precursor to enforcement action \u2014 to OpenSea in 2024, alleging that the NFT marketplace was operating as an exchange for unregistered securities. At the time, Finzer criticized the SEC for taking an approach of \u201cregulation by enforcement\u201d and said that OpenSea was prepared to \u201cstand up and fight.\u201d<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n