‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInNot Your Standard Orange Grove: Non-Fungible Tokens & Securities Laws
With offerings across a growing number of online platforms and increased trading volume, NFT issuers, promoters, and buyers should consider the legal and regulatory implications relating to NFTs and federal securities laws. Throughout the first half of 2021, non-fungible tokens (“NFTs”) have continued to experience widespread adoption across a range of industries. Just last week, rights to […]
NFTs getting a closer look from FINRA
How hot is the NFT craze? It’s so hot that even Finra is trying to wrap its head around it. The Financial Industry Regulatory Authority — the non-government group that licenses broker dealers and accordingly polices it for infractions — is “taking a deep dive to understand NFTs and the implication for the regulation of […]
Petitioner asks SEC to clarify when NFTs are securities, recommends NFT rulemaking
Like initial coin offerings (ICOs) before them, non-fungible tokens (NFTs) have grown in popularity very quickly, and Arkonis Capital believes it is now time for the SEC to step in and provide guidance on whether NFTs are securities. In a rulemaking petition, Arkonis said that a concept release on how to regulate NFTs is a […]
For Creators, Everything Is for Sale – The New York Times
Zack Honarvar, 27, the founder of the talent management firm One Day Entertainment, said that he and Airrack, a creator he manages, have been playing around with using NFTs to give fans “shares” of a YouTube video. “Before the video goes up, we could break it into, say, 10 clips, then mint those 10 clips […]