Opensea has sold millions of the digital assets and there was no tax and not accountability for the sales. So now the SEC and many of the legal followers are chasing it and filing the lawsuite on them. 

OpenSEA has been facing one lawsuit after another. Some of the lawsuites are now reached the SEC. And also giving them more power to regulate the NFTs. And this is going in both good and bad direction.

Why bad direction you ask? Because opensea is border neutral NFT marketplace. By regulating it would bring the international players into the big legal framework where money movement would get taxed and also punished for past transactions.

On twitter there is a new spreading that Moskowitz law firm has filed the new lawsuit.

What is going to happen now?

You can expect the Opensea getting all those regulation dashboard for the creators. And also the buyers who would buy the digital assets would be subject to the legal issues too like having taxed for holding the legal digital assets.

In short, SEC is in motion to win this case against the Opensea and what it means for the consumers? More taxes, regulation, compliance and surely more headache on the legal framework.