It is no secret the Securities and Exchange Commission (“SEC”) has been ramping up its regulation of cryptocurrencies in the past several years. (Packin, Forbes). However, in the absence of well-fitting regulations, the crypto community has been struggling to understand how securities laws may or may not apply to specific digital assets. Id. According to recent reports, the SEC is looking to expand its regulation even further by targeting certain non-fungible tokens…
Read MoreAlthough digital currencies have been the hottest topic in the blockchain area for several years, investors are increasingly turning their attention to a digital asset that is valuable for the item it represents rather than for its potential use as a currency. Non-fungible tokens (“NFTs”) are digital versions of artwork, music, trading cards, autographs, and other collectibles that are secured on a blockchain and purchased using a recognized cryptocurrency, such as Ethereum or Bitcoin. (Robyn Conti and John Schmidt, Forbes Advisor). However, unlike cryptocurrencies, every NFT has its own digital signature, which makes them impossible to copy and thus significantly enhances their value. Id. . .
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