Bronstein, Gewirtz & Grossman, LLC has initiated an investigation into OpenSea, a popular marketplace for buying and selling non-fungible tokens (NFTs).
US SEC has issued a Welsh notice to OpenSea stating that NFTs sold on the platform can be considered securities. On August 28, 2024, CNBC reported that OpenSea had become a target in the SEC’s ongoing efforts to regulate the crypto market.
Wells’ notification generally precedes the official charges. This allows the accused to resolve the charges.
According to the head of OpenSea, the announcement states that NFT securities traded on the platform are subject to regulations that could have a significant impact on the company and its users.
The firm represents clients in class actions on a contingency fee basis. This means there are no upfront costs. Legal fees are only charged if the company successfully recovers money for the customer.
Bronstein, Gewirtz & Grossman, LLC is nationally recognized for its representation of investors in securities fraud and shareholder derivative litigation. The company has a proven track record. It has been able to borrow millions of dollars from investors across the country.
Also Read: Joe Rogan Questions Real Value of Crypto and NFTs
