OpenSea pushes SEC to clarify that NFT marketplaces are not exchanges or brokers under US federal securities laws

The leading centralized NFT marketplace is pushing the U.S. Securities and Exchange Commission to clarify that NFT marketplaces do not qualify as exchanges or brokers under federal securities laws.OpenSea General Counsel Adele Faure and Deputy General Counsel Laura Brookover made the argument in a letter to Commissioner Hester M. Peirce on Wednesday.