What type of news does CryptoWeekly cover?

CryptoWeekly covers cryptocurrency market updates, blockchain technology developments, and regulatory news.

How often is the news section updated?

CryptoWeekly updates its news section daily with the latest developments in the crypto industry.

Can I contribute news articles to CryptoWeekly?

Yes, guest contributions are welcome. Contact our editorial team to submit your article.

Is CryptoWeekly news biased?

CryptoWeekly strives to provide unbiased, factual, and up-to-date cryptocurrency news.

Press Release

SEC Officially Drops OpenSea Investigation

The U.S. SEC has closed its investigation into OpenSea without legal action or classifying NFTs as securities. The decision comes as OpenSea prepares to launch its own token in 2025.

Haider Jamal
February 26, 2025

Hindering Innovation

OpenSea CEO Devin Finzer praised the outcome, criticizing the SEC’s attempt to regulate NFTs under traditional laws. He argued that classifying NFTs as securities would have hindered innovation. “Creators should be free to build without unnecessary barriers,” he said.

Coinbase Lawsuit Also Dropped

In August, OpenSea received a Wells notice from the SEC, signaling potential legal action. The platform set aside $5 million to support artists facing similar scrutiny, but with the case now closed, the fund is no longer needed.

This is the second case the SEC dropped against a crypto company on February 21st. Earlier, the agency also announced plans to dismiss its lawsuit against Coinbase.

Join Our FREE Newsletter

Subscribe to stay informed and receive latest updates on the latest happenings in the crypto world!

By submitting this form, you are consenting to receive marketing emails from: Crypto Weekly. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.