Democratic Congressman Slams SEC's 'Heavy-Handed Approach' Over OpenSea Threats
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Democratic Congressman Slams SEC’s ‘Heavy-Handed Approach’ Over OpenSea Threats

Pro-crypto Congressman Wiley Nickel (D-NC) took aim at the U.S. Securities and Exchange Commission’s (SEC) “heavy-handed approach” to enforcement after OpenSea said the regulator threatened a lawsuit against the NFT marketplace. In a tweet, Nickel criticized the SEC’s “aggressive use of ‘regulation by enforcement,’” calling it “a blatant abuse of power that erodes trust and transparency in our regulatory system.”…

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