Tag: sec

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 SEC Exemption for NFT Marketplaces Amid Regulatory Uncertainty

OpenSea Seeks SEC Exemption for NFT Marketplaces Amid Regulatory Uncertainty

Recently, OpenSea, the largest NFT marketplace, made an unprecedented move. Specifically, they petitioned the U.S. Securities and Exchange Commission (SEC) to exempt NFT platforms from federal securities regulations. OpenSea’s legal counsel, Adele Faure and Laura Brookover, called out SEC Commissioner Hester Peirce as well as the SEC Crypto Task Force....

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...