• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Crypto

    2025-05-15

    10 Years of Steadfast Support and Compliance

    2025-05-15

    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    2025-05-12
  • Videos

    Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

    2025-05-21

    OCTA: 🚀 The Craziest 🔥 BULLISH 📈 Signals EVER 🤯

    2025-05-20

    ALL IN! 10X Bitcoin leverage RIGHT NOW!!

    2025-05-19

    Bitcoin: Buy Now, 10X Leverage!!!!!

    2025-05-19

    Bitcoin’s Highest Weekly Close Signals Bigger Moves Ahead

    2025-05-19
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Regulation»Ripple CLO Stuart Alderoty Challenges SEC OpenSea NFT Wells Notice, Citing 1976 Art Gallery Ruling
Regulation

Ripple CLO Stuart Alderoty Challenges SEC OpenSea NFT Wells Notice, Citing 1976 Art Gallery Ruling

2024-08-29No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ripple CLO Stuart Alderoty Challenges SEC OpenSea NFT Wells Notice, Citing 1976 Art Gallery Ruling
Share
Facebook Twitter LinkedIn Pinterest Email

The chief legal officer of the crypto firm Ripple is publicly issuing a challenge to the U.S. Securities and Exchange Commission (SEC).

Yesterday, the CEO of the world’s largest non-fungible token (NFT) marketplace, Devin Finzer of OpenSea, announced that the SEC had slapped OpenSea with a Wells Notice.

A Wells Notice is a warning issued by the SEC that they are planning to pursue legal action against a company and is not an indication of wrongdoing.

Said Finzer,

“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.

Cryptocurrencies have long been in the crosshairs of the SEC, and companies like Coinbase, Uniswap, Robinhood, Kraken and Consensys have been fighting against the SEC’s single-track approach of ‘regulation by enforcement.’

But 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.”

NFTs are viewed by many as the next wave in artistic intellectual property ownership and according to Ripple CLO Stuart Alderoty, the SEC ruled that art galleries did not have to register with the SEC nearly 50 years ago.

“Fun fact: In 1976, the SEC ruled that art galleries, even when promoting and selling to buyers that had investment motives, didn’t need to register with the SEC.”

Source: Stuart Alderoty/X

The SEC has not responded to Alderoty’s statement at time of writing.

See also  $83,000 Drained From Wells Fargo Accounts in Minutes – Customers Say Bank 'Rolling Their Eyes,' Blaming Them, Refusing To Reimburse

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

Featured Image: Shutterstock/ded pixto

Alderoty Art challenges Citing CLO Gallery NFT Notice OpenSea Ripple Ruling SEC Stuart Wells
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The SEC Has Made a Decision To Delay The XRP ETF Approval! What This Means

2025-04-30

XRP Could Soar As Ripple Makes Huge Acquisition Of Prime Broker!

2025-04-08

Crypto News: Bull Market Back On?! XRP’s BIG Move, SEC Changes & More!

2025-03-24

SEC Drops Case Against Ripple (XRP PUMPS)

2025-03-19
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

Dani Loftus on Leading a Cultural Metamorphosis Around Digital Fashion

2023-07-20

The metaverse brings with it many promises: finding identity anew through digital means, the democratization…

Videos

This Is CRAZY!! CBDC in China, Its Development & What It Means!!

2023-08-15

Get The Hottest Crypto Deals http://www.coinbureau.com/deals Insider Info in my Socials …

Regulation

Middle Eastern Country of 4,000,000 Officially Bans Crypto Investments, Payments and Mining

2023-07-21

The financial regulator of a petroleum-reliant economy in the Middle East just issued a new…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21

Solana Revolutionary Launch – Near Instant Finality – Blink of an eye

2025-05-21

What Is Blockchain? Blockchain Technology Explained for Beginners

2025-05-21

OCTA: 🚀 The Craziest 🔥 BULLISH 📈 Signals EVER 🤯

2025-05-20
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 111,043.75
ethereum
Ethereum (ETH) $ 2,639.50
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.42
bnb
BNB (BNB) $ 680.23
solana
Solana (SOL) $ 178.26
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239412
cardano
Cardano (ADA) $ 0.800371
tron
TRON (TRX) $ 0.275324
bitcoin
Bitcoin (BTC) $ 111,043.75
ethereum
Ethereum (ETH) $ 2,639.50
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.42
bnb
BNB (BNB) $ 680.23
solana
Solana (SOL) $ 178.26
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.239412
cardano
Cardano (ADA) $ 0.800371
tron
TRON (TRX) $ 0.275324