The Securities and Exchange Commission (SEC) is poised to sue NFT marketplace OpenSea, alleging that certain NFTs traded on its platform should be classified as securities. OpenSea CEO Devin Finzer vehemently disagrees, arguing that NFTs are fundamentally creative goods and should not be subject to traditional financial regulations. This action marks a significant expansion of the SEC’s regulatory reach into the world of non-fungible tokens, further intensifying the ongoing scrutiny of the cryptocurrency and blockchain space.