OpenSea is sailing through regulatory waters, urging the SEC to leave NFT marketplaces out of federal securities laws. 🚢

Their legal team argues NFTs aren't exchanges, brokers, or investment advisors—just digital collectibles looking for a home.

With the SEC's past enforcement causing waves, OpenSea hopes for informal guidance to clear the fog.

As memecoins and stablecoins dodge securities labels, OpenSea seeks a similar fate for NFTs.

Will the SEC grant them smooth sailing, or will they hit choppy waters? Stay tuned!