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OpenSea Asks SEC for Clarification on NFT Regulation

OpenSea, one of the largest non-fungible token (NFT) marketplaces, has formally submitted a request to the U.S. Securities and Exchange Commission (SEC) to exempt NFT platforms from federal securities regulations.

The letter was addressed on April 9 to Commissioner Hester Peirce, who heads the SEC’s Crypto Task Force. In the document, OpenSea’s legal representatives, including General Counsel Adele Faure and Deputy General Counsel Laura Brookover, argue that NFT platforms do not meet the legal definition of exchanges or brokers.

Their argument states that OpenSea and similar platforms do not execute transactions on behalf of users, do not act as financial intermediaries, and do not facilitate the gathering of multiple sellers for the same asset, as is typical in traditional stock exchanges.

This request follows several months after the SEC dropped an investigation into potential securities law violations by OpenSea. The context reflects a broader shift in the U.S. approach to crypto asset regulation.

OpenSea cere SEC clarificari privind reglementarea pietelor NFT

OpenSea, una dintre cele mai mari platforme pentru tranzactionarea tokenurilor nefungibile (NFT), a transmis o solicitare oficiala catre Comisia pentru Bursa si Valori Mobiliare a Statelor Unite (SEC), cerand ca pietele de NFT sa fie excluse de la reglementarile prevazute de legislatia valorilor mobiliare. Scrisoarea a fost adresata pe 9

China Sells Seized Bitcoin Through Private Firms, Dodging Crypto Ban

Local governments in China are turning to private companies to sell confiscated cryptocurrencies, bypassing the country’s ban on digital asset trading. This practice arises amid a legislative void that lacks clear guidelines for managing seized crypto assets, leading to non-transparent and risky approaches. According to Reuters, local authorities sold

China vinde Bitcoin confiscat prin companii private, ignorand interdictia crypto

Guvernele locale din China recurg la companii private pentru a vinde criptomonede confiscate, ocolind astfel interdictia nationala asupra tranzactiilor cu active digitale. Aceasta practica vine in contextul unui vid legislativ care nu ofera instructiuni clare privind administrarea criptoactivelor sechestrate, ceea ce duce la abordari netransparente si riscante. Conform Reuters, autoritatile

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