According to Bloomberg reports dated February 22, OpenSea has announced that the U.S. Securities and Exchange Commission (SEC) has wrapped up its investigation of the prominent NFT marketplace. This marks a significant development in the regulatory landscape for the cryptocurrency industry. In recent updates, the SEC has chosen to delay litigation processes against various crypto firms, suggesting a more conciliatory approach. Notably, the newly established cryptocurrency working group is expected to streamline judicial resources by addressing multiple ongoing lawsuits concurrently. In a notable case from yesterday, the SEC reached a decision to dismiss its lawsuit against Coinbase, which could signal a shift in the regulatory posture towards major exchanges and platforms within the crypto space.
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