Tag: regulation

OpenSea to SEC: We're Not an Exchange! Drop the Label!

OpenSea to SEC: We're Not an Exchange! Drop the Label!

Now, OpenSea, the leading centralized NFT marketplace, is making a surprising move. It’s all part of their efforts to better define their regulatory status with the U.S. Securities and Exchange Commission (SEC). The company has been vocally pushing the SEC to publicly recognize that NFT marketplaces, such as their own,...

OpenSea's SEC Plea: Protecting Artists or Enabling Crypto Billionaires?

OpenSea's SEC Plea: Protecting Artists or Enabling Crypto Billionaires?

The world of NFTs promised a revolution. An opportunity for artists to finally cut out the gatekeepers, go straight to collectors and make a living from their work. So the question is, are we delivering on that promise? Or is it just another golden cage that helps the already privileged...

OpenSea Seeks Clarity From SEC on NFT Regulation

OpenSea Seeks Clarity From SEC on NFT Regulation

In the meantime, OpenSea, the largest NFT marketplace, has made a daring move. In so doing, they formally asked the Securities and Exchange Commission (SEC) to provide explicit guidance on the regulatory status of NFT platforms. Lately, OpenSea itself weighed in, in a letter to the SEC, urging them to...