OpenSea writes to SEC requesting clarification of NFT market regulatory positioning

Planet Daily News: Non-Fungible Token marketplace OpenSea has written to the SEC, requesting clarification that Non-Fungible Token platforms should not be considered securities exchanges or brokers. The letter was signed by OpenSea's Chief Legal Counsel Adele Faure and Deputy General Counsel Laura Brookover, emphasizing that classifying OpenSea as an exchange or broker would be a regulatory overreach. In February this year, the SEC has already terminated its investigation into OpenSea. OpenSea pointed out that it does not match trades, provide investment advice, or custody user assets. (Decrypt)