OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities.

We're shocked the SEC would make such a sweeping move against creators and artists. But we're ready to stand up and fight.

This is a move into uncharted territory. By targeting NFTs, the SEC would stifle innovation on an even broader scale: hundreds of thousands of online artists and creatives are at risk, and many do not have the resources to defend themselves.

In addition to standing our own ground, we're pledging $5M to help cover legal fees for NFT creators and devs that receive a Wells notice. Every creator, big or small, should be able to innovate without fear.

I hope the SEC will come to its senses sooner rather than later, and that they'll listen with an open mind.

Until then, we'll stand up and fight for our industry.

Onwards 🌊⛵️

Egregious attempt from the Gensler SEC to classify anything with a secondary market as securities.

Where does it stop — Pokémon cards? Beanie Babies? Taylor Swift tickets?

What does your order look like at the most consistent restaurant chain in the United States? I'll start
1. Double meat mustard fried + 1 cheese + Griddle onion +spread
2.Single Cheeseburger mustard fried + extra lettuce + extra tomato +grilled onion + chop chili + raw onion + spread 
3. reg fries
4.water cup 

honorable mention: tomato wrapped mustard fried single with grill onion and chz

Trump has a lead in 4 of the 6 Swing States.

Kham

@kham