OpenSea writes to SEC requesting clarification of NFT market regulatory positioning

Odaily News NFT market OpenSea sent a letter to the SEC, requesting clarification that NFT platforms should not be considered securities exchanges or brokers. The letter was signed by OpenSea's general counsel Adele Faure and deputy general counsel Laura Brookover, emphasizing that classifying OpenSea as an exchange or broker is a regulatory overreach. In February of this year, the SEC terminated its investigation into OpenSea. OpenSea pointed out that it does not match transactions, provide investment advice, or custody user assets. (Decrypt)