[Blockchain advocacy organization Digital Chamber calls on the U.S. Congress to legislate to clarify NFT regulation] Golden Finance reported that the cryptocurrency and blockchain advocacy organization Digital Chamber called on the U.S. Congress to introduce legislation to define certain NFTs (non-fungible tokens) as consumer products and exempt them from federal securities law regulation. The move is in response to possible enforcement actions by the U.S. Securities and Exchange Commission (SEC) against the OpenSea platform. OpenSea CEO Devin Finzer said that the Wells notice received on August 28 indicated that the SEC was entering "unknown territory." Digital Chamber criticized SEC Chairman Gary Gensler's approach to regulation through law enforcement, saying that the lack of a clear legal definition would put the NFT industry at risk. The organization emphasized that NFTs should not be considered securities, but should be classified as consumer products.

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