THE Regolamentazione della dry In the crypto sector, has deeply influenced the market, especially for entities like Opensea, the main NFT market.
The main keyword “SECE OPENSEA” has been central from the start, because recent history has shown a radical transformation in the way the American government agency addresses the regulation of digital assets.
The approach of dry changes on crypto, marking a crucial turning point for Opensea and the NFT market
Devin Finzer, co-founder and CEO of Opensea, described in an interview the period of the Biden administration characterized by an excess of regulatory actions.
Specifically defined by him as a “regulatory overhang”, which means a persistent regulatory pressure that weighs on the cryptographic industry.
During this phase, the SEC has targeted many actors considered to be “good”, treating all digital assets in the same way, without differentiating specific types and risks.
This “generic” approach, highlights Finzer, has had negative repercussions on the confidence of investors and has a limited innovation in the sector.
In 2024, Opensea received a SEC well opinion, an official opinion which often precedes legal actions.
The main accusation concerned the management of the platform as an unregistered exchange of financial securities (titles).
Finzer rejected this approach, calling it a form of “regulation by application”: a regulation based on punitive actions rather than clear rules.
In response, Opensea declared himself ready to defend himself legally, highlighting the need for a more balanced and functional regulatory framework. This case represents a crucial point in the relationship between authorities and businesses in the world of bulls and bears of cryptocurrencies.
With the arrival of the new President Trump at the White House, the Sec has changed its strategic line under the direction of Paul Atkins, the new president of the agency.
The trend was to reduce the intensity of legal actions against cryptographic societies, marking a clear discontinuity compared to previous years governed by Gary Gensler.
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Actions withdrawn and archived cases
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Significantly, the SEC has withdrawn business from platforms like Yuga laboratoriesOpenesseaa, and the deffi Uniswap protocol. In addition, he posted the long legal proceedings against Ripple, one of the most important blockchain and cryptocurrency companies.
This reduction in legal disputes stems from the desire to adopt a more flexible and pragmatic approach, which can balance Consumer protection With the need to promote technological innovation, as Finzer himself pointed out.
The clear communication of the intention of “not adopting measures to a size” indicates an increasing consciousness of differences in the world of cryptography.
The 2024 electoral cycle has experienced an increasing interest from cryptographic industry towards the American political landscape. The massive support for the candidate Donald Trump of super CAPs in the sector has demonstrated the economic and strategic relevance of cryptocurrencies.
In particular, a total donation exceeding $ 119 million to Pro-Crypto candidates is highlighted, stressing how the policy and the digital economy are increasingly linked.
Trump, in fact, during the campaign, had promised to make the United States “the world capital of cryptocurrencies”, a proposal that found strong support in the technological community.
The action of the SEC also had an impact on the NFT sector, which experienced a drastic decrease in trading volumes after the collapse of the FTX in November 2022.
Questo Calo Ha Creo-Difficoltà significant by market is opensea, che nel 2023 ha dovuto ridrur del 50% Il Proprio Personal a causa della situazione di mercato.
New perspectives for the NFT and the digital economy of Onchain
Despite the reduction in volumes, the sector remains alive and rich in innovation, especially in the games of game games and artistic collectibles.
Finzer underlines how NFT opens up new possibilities, allowing people to Proper digital assets in a real, transferable and interoperable way On different platforms.
This distributed digital property capacity represents an important innovation in the history of the Internet and offers a large place to development for future applications in various fields, not just limited to art or games.
To deal with the uncertain market, Opensea began to explore new corporate segments, aimed at becoming a center for all types of Onchain trading.
This strategy represents both a response to current challenges and a prospective vision to consolidate its position on the market.
In summary, the relationship between SEC and Opensea reflects the transformation of the regulatory framework in the United States under the supervision of Trump.
The policy of reducing punitive measures and recognition of the particularities of the cryptography sector pave the way to a more favorable regulatory climate.
However, it remains essential to maintain a balance between consumer protection and Space for innovationA challenge to which all the actors involved must face care and responsibilities.
The regulatory and market evolution in progress offers new opportunities for growth and stability to the cryptographic community. Consequently, the observation of the concrete implementation of new dry policies will be decisive in understanding the future role of digital assets in the global economy.
