OpenSea Urges SEC to Exclude NFT Marketplaces from Oversight

OpenSea Urges SEC to Exclude NFT Marketplaces from Oversight

The top non-fungible token (NFT) marketplace, OpenSea, has formally asked the SEC to elaborate on the fact that NFT markets are exempt from federal securities regulations. Adele Faure, the general counsel for OpenSea, and Laura Brookover, the deputy general counsel, wrote to Commissioner Hester Peirce, the head of the SEC's Crypto Task Force, on April 9th, urging the agency to provide informal guidance that would exempt platforms such as OpenSea...

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