Tag: broker

OpenSea Urges SEC to Reconsider Broker Designation for NFT Marketplaces

OpenSea Urges SEC to Reconsider Broker Designation for NFT Marketplaces

OpenSea is fighting the notion that it would be subject to regulation as a broker under the Exchange Act. The company maintains that its non-fungible-token (NFT) marketplace does not need to be regulated like a traditional securities exchange. The company has gone to great lengths to make sure users know...