**News Flash: Digital Chamber Urges Congress to Clarify NFT Regulations**

The crypto advocacy group, Digital Chamber, is pressing the U.S. Congress to clearly define certain NFTs as consumer products, exempting them from federal securities laws. This call follows a Wells notice from the SEC against OpenSea, hinting at potential enforcement actions.

Digital Chamber argues that many NFTs are not investment tools but should be seen as consumer goods, similar to traditional collectibles. They claim the SEC's current approach, led by Chair Gary Gensler, risks stifling the industry due to regulatory ambiguity.

The outcome of the 2024 U.S. election could shift the SEC's stance, with candidates proposing different regulatory strategies.