OpenSea Asks SEC to Confirm NFT Marketplaces Aren’t Subject to Exchange Rules

TL;DR OpenSea is asking the SEC to formally declare that NFT marketplaces, like its own platform, do not qualify as exchanges under U. S. securities laws. It argues these platforms don’t execute trades or act as intermediaries. The request comes as the SEC softens its stance on crypto under the Trump administration, after years of regulatory. . . source: https://crypto-economy.com/opensea-asks-sec-to-confirm-nft-marketplaces-arent-subject-to-exchange-rules/