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OpenSea urges the US SEC to clarify that the NFT market is neither an exchange nor a broker.
[OpenSea urges US SEC to clarify that NFT market is not an exchange or broker] OpenSea is urging the U.S. Securities and Exchange Commission (SEC) to clarify that, under federal securities laws, the NFT market is not an exchange or broker. OpenSea's General Counsel Adele Faure and Deputy General Counsel Laura Brookover made this argument in a letter to Commissioner Hester M. Peirce on Wednesday.