News & Analysis as of

Cryptocurrency Digital Assets Online Marketplace

Venable LLP

CFPB Proposes Interpretive Rule Clarifying EFTA Application to Crypto and Other Emerging Payment Mechanisms

Venable LLP on

The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule aimed at addressing what it views as ambiguities in the application of the Electronic Fund Transfer Act (EFTA) and its implementing Regulation...more

Patterson Belknap Webb & Tyler LLP

First NFT-based Insider Trading Case Tees Up Important Questions for Digital Asset Fraud Prosecutions

This summer, the U.S. Attorney’s Office for the Southern District of New York broke new ground in its oversight of fraud involving digital assets when it brought charges against Nathaniel Chastain related to an insider...more

Perkins Coie

Fundamentals of Non-Fungible Tokens

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Non-fungible tokens (NFTs) have been widely adopted by the sports, arts, music, gaming, fashion, and other industries. Behind the hype is a fast-developing ecosystem of technical and commercial innovation that is embracing...more

Morgan Lewis

NFTs: What's in Store for 2022?

Morgan Lewis on

2021 was a banner year for non-fungible token sales, which are projected to climb even higher in 2022. Selected by Collins English Dictionary as the 2021 Word of the Year, non-fungible tokens (NFTs) are unique...more

Vinson & Elkins LLP

What to Know About NFTs: Three Key Considerations for Businesses

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What do fast food, art, and sports have in common? In recent years, companies in each of these industries have embraced a technology known as non-fungible tokens, or NFTs....more

BakerHostetler

NFT Market Expands in Alcohol, Athletics and Art; Regulators Warn Against Crypto Risks; U.S. Agencies Target Crypto Fraud

BakerHostetler on

Alcohol, Athletics, and Art: NFT Adoption Continues to Expand - To celebrate National Rum Day, a privately held liquor label has reportedly launched a platform from which it will auction a specially designed non-fungible...more

BakerHostetler

Cryptocurrency and NFT Market Growth Continues, Regulators Across Globe Target Crypto Industry as Threats Continue, Global...

BakerHostetler on

Crypto Market Develops in DeFi, Payments, Compliance and Consumer Adoption - A large institutional financial and media conglomerate recently announced a partnership with a major financial services and investment management...more

BakerHostetler

Crypto Adoption and AML Reports Published, NFT Market Growth Continues, Blockchain Cobalt Pilot Progresses, Crypto Exchange and...

BakerHostetler on

Crypto Adoption Index Published, Regulators Address Crypto Across Globe - The 2021 Chainalysis Global Crypto Adoption Index was published on Wednesday, providing an in-depth review of cryptocurrency adoption around the...more

BakerHostetler

Regulator Seeks Comments on DeFi; Crypto Firms Announce Products, Licenses, DAO Application Updates; NFT Boom Continues; OFAC Adds...

BakerHostetler on

NCUA Seeks Comment on DeFi, Crypto Firms Launch Products, Gain Licenses - The National Credit Union Administration (NCUA), a federal agency that charters and regulates federal credit unions, recently published a notice of...more

Sheppard Mullin Richter & Hampton LLP

Nota Bene Episode 125: What are Non-Fungible Tokens (NFTs) and Are They Here to Stay? with James Gatto

When the artist Beeple recently sold a digital work of art for $69 million, it caught the world’s attention especially because that one-of-a-kind digital art was a non-fungible token (NFT). In this episode, we’re taking a...more

Skadden, Arps, Slate, Meagher & Flom LLP

Proliferation of NFT Transactions Raises Numerous US Tax Questions

Background on NFTs - With the market for nonfungible tokens (NFTs) exploding, NFTs attached to art, music, video clips, tweets and other digital collectibles have sold for significant sums: An NFT of an animated flying...more

Jones Day

NFTs: Key U.S. Legal Considerations for an Emerging Asset Class

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The Situation: Non-fungible tokens are an emerging digital asset class that present a unique set of commercial, regulatory, and other legal considerations. The Result: The current U.S. regulatory and legal framework is...more

Pillsbury - Internet & Social Media Law Blog

NFT Platforms and the (Sort of) Return of the Record Store

Over the past few months, non-fungible tokens (NFTs) have exploded in popularity in the worlds of visual arts, sports memorabilia, bobbleheads, and now, music. We have recently seen multiple high-profile NFT releases from...more

Patterson Belknap Webb & Tyler LLP

Beeple, Top Shots, and the Blockchain of Collectibles: Securing the Value of an Original Digital Asset

A cryptocurrency entrepreneur recently paid $69.3 million for Beeple’s Everydays: The First 5,000 Days at a Christie’s auction.  That record-breaking price purchased a work of art that can be seen only on a computer and the...more

Pillsbury - Internet & Social Media Law Blog

Fractionalized NFTs: Breaking Down Investing in Art

Anyone who follows the crypto space knows that non-fungible tokens (NFTs) are all the rage of late. We have written on the subject previously on multiple occasions, particularly with respect to NFTs that tokenize works of...more

K&L Gates LLP

The Coming Blockchain Revolution in Consumption of Digital Art and Music: The Thinking Lawyer's Guide to Non-Fungible Tokens...

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First there were CryptoKitties. Then came digital art, CryptoPunks and NBA Top Shot. But when Beeple’s digital art piece “Everydays: The First 5000 Days” sold at Christie’s for US$69 million, the NFT mania truly began. And as...more

Davis Wright Tremaine LLP

What You Don't Know About NFTs Could Hurt You: Non-Fungible Tokens and the Truth About Digital Asset Ownership

Non-Fungible Tokens, or NFTs, are currently in the midst of the type of hype-cycle last seen in the blockchain/crypto world when Initial Coin Offerings were all the rage. On March 11, 2021, an NFT associated with a piece of...more

Latham & Watkins LLP

NFTs: But is it Art (or a Security)?

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As the market for NFTs heats up, market participants should remain mindful of the regulatory implications of complex schemes. As the current crypto boom has progressed, it seemed Decentralized Finance (DeFi) had cemented...more

Saul Ewing LLP

NBA Top Shot Moments – What Are You Actually Buying?

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If you haven’t heard about NBA Top Shot yet, you soon will.  It is one of the fastest growing online marketplaces for buying and selling Non-Fungible Tokens, or NFTs.  NFTs are a type of cryptocurrency built on blockchain...more

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