Pudgy Penguins CEO Luca Schnetzler expressed that he is not concerned about the recent actions taken by the U.S. Securities and Exchange Commission (SEC) regarding the NFT industry.
On August 28, the NFT marketplace OpenSea revealed that it had received a Wells notice from the SEC. The company claimed that the SEC asserted that the NFTs on the trading platform might qualify as securities. Subsequently, on September 17, the SEC fined the Flyfish Club restaurant $750,000 for offering NFTs.
Schnetzler added that if the SEC takes action against OpenSea, they would have to contend with many large organizations that have already ventured into the NFT space. He believes that OpenSea does not rely on false promises for its sales. “Particularly in the case of OpenSea, I think it has its own unique aspect, such as not selling people false promises or dreams. Therefore, for this reason, I am not worried.”
Original link:
https://cointelegraph.com/news/pudgy-penguins-ceo-interview-token2049-sec
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