The SEC’s shadow indeed looms large over the NFT space, and to be honest with you, it’s a good thing! We need investor protection. Nobody wants another crypto-style ICO boom, where projects disappeared overnight with investors’ cash. Rug pulls, wash trading to inflate prices artificially. A lack of transparency in...
That’s why OpenSea, the largest NFT marketplace, has made a big move. In it, they urged the Securities and Exchange Commission (SEC) to provide clear guidelines for NFT platforms. To that end, the company is urging the SEC to provide informal guidance and exempt NFT marketplaces from the proposed broker...
OpenSea has formally addressed the Crypto Task Force of the U.S. Securities and Exchange Commission (SEC), urging the regulatory body to provide clearer guidelines on Non-Fungible Tokens (NFTs). The appeal comes as OpenSea seeks to resolve ambiguity surrounding the classification and regulation of NFT marketplaces in the United States. This...
OpenSea, the largest NFT marketplace in the world, has been asking for guidance from the Securities and Exchange Commission (SEC). Specifically, they have formally asked for guidance on how NFT platforms should be regulated. The US-based technology company has joined calls to exempt NFT marketplaces such as itself from new...
The NFT world is buzzing. And OpenSea, the NFT marketplace behemoth, is actually pleading like a scolded child for the SEC to not enforce on them. But is this a courageous shout for liberty from stifling regulation, or a shrewdly orchestrated play to avoid responsibility? Let's dissect this.Freedom for Innovation...
OpenSea's recent plea to the SEC isn’t just about regulatory compliance. It's a potential ignition switch for the entire NFT market. Think of it like this: the SEC's current ambiguity is a dimmer switch set way too low, barely illuminating the potential of NFTs. OpenSea is fundamentally asking them to...
Now OpenSea continues to make waves by siding with crypto against the United States Securities and Exchange Commission (SEC). The company further contends that it doesn’t meet the federal securities laws’ definition of a broker or exchange. The company recently was on the receiving end of a Wells notice from...