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

OpenSea urges the SEC to exclude NFT marketplaces from regulation under federal securities laws. In the letter addressed to SEC Commissioner Hester Peirce, the platform argued that the majority of NFTs are unique and are acquired for personal use, not investment purposes, and shouldn't be treated as securities. Secondly, it doesn't fall under a Securities [...]