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OpenSea Urges SEC For Clarity on NFT Marketplace Regulation

  • OpenSea, the leading NFT marketplace, is urging the US SEC for clarity on NFT marketplace regulation.
  • OpenSea's General Counsel and Deputy General Counsel wrote a letter to the SEC requesting guidelines on NFTs and their marketplaces.
  • OpenSea argues that NFT marketplaces do not qualify as security exchanges and NFTs are not securities.
  • The request comes after the SEC dropped investigations on OpenSea and other crypto firms in February.

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