<ul><li>OpenSea argues NFTs shouldn’t be regulated as securities because they’re unique, personal items rather than investment vehicles.</li><li>OpenSea positions itself as a marketplace like eBay, not a securities exchange, stating trades execute outside their platform.</li><li>OpenSea urges the SEC to exclude NFT marketplaces from regulation under federal securities laws.</li><li>OpenSea's letter could be part of building a public record and clarifying its non-securities framework in case of future litigations or lobbying.</li></ul>

OpenSea Fires Back at SEC: We’re Not a Securities Exchange

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