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securities dealersCoinGape
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75% Informative
Ripple CLO Stuary Alderoty shares a 1976 precedent to counter the SEC 's NFT securities classification.
The ruling indicates that the SEC might face another defeat if it sues OpenSea .
According to the ruling, art galleries selling investment-motivated art pieces aren't securities dealers.
This argument aligns closely with OpenSea ’s business model which focuses on digital art rather than investment vehicles.
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