Sellers Beware: Can NFTs Be Regulated Securities?
The sudden prevalence of Non-Fungible Tokens has raised important legal considerations for issuers and purchasers alike. While intellectual property rights remain essential, securities laws should not be overlooked.
Non-Fungible Tokens, or “NFTs”, are digital assets with unique identifying characteristics that distinguish one from another. Unlike Bitcoin and other cryptocurrencies, no two NFTs are identical; this is what makes them “non-fungible.”
NFT holders own what can be loosely analogized to distinct barcodes, encrypted on blockchains. A blockchain, in turn, is a type of digital database that stores data in “blocks” that are “chained” together. Blockchains are often organized in a decentralized manner so that no single person or group has control, making the transactions represented by the chained blocks of data immutable and irreversible. In the case of NFTs, the blockchain data includes a “smart co
Supreme Court Will Review New York s Concealed Carry Gun Law
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Breaking: Supreme Court Hears Donor Privacy, Disclosure Arguments
April 26, 2021
Oral arguments in a key donor disclosure case before the United States Supreme Court lasted 105 minutes on Monday morning, with questions from all nine justices and back-and-forth with representatives of the plaintiffs, the California Attorney General, and the federal government.
Among the questions from the justices were whether on facial (on its face) challenges which would apply to all charities versus as-applied challenges, impacting only the two petitioners in the case of
Americans for Prosperity Foundation (AFPF)/Thomas More Law Center (TMLC) v. Bonta. Rob Bonta is now the California Attorney General, succeeding Xavier Becerra.
WWE Attorney Comments On Supreme Court Declining To Hear âConcussion Lawsuitsâ Appeals );
It was revealed today that the United States Supreme Court declined to hear the appeals of several former WWE wrestlers who claimed that WWE failed to protect them from repeated head injuries, which resulted in them having long-term brain damage in the âconcussion lawsuitsâ filed by attorney Konstantine Kyros.
Kyros asked the high court to review those rulings because they were filed too late. );
Kyros issued a statement to ESPN today:Â
âThe wrestlers are dying of CTE despite the inaction of the justice system,,â Kyros said in a statement today. âOur team is proud to have brought their claims to our highest court and hopeful that this brings awareness to their ongoing struggles.â
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