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BitDegree 2024-03-13 07:16:41

US Study Declares Current Copyright Framework Suitable for NFT Market

Key Takeaways The USPTO and US Copyright Office report states current intellectual property laws are adequate for NFTs, avoiding the need for NFT-specific legislation. Stakeholders express concerns over premature NFT legislation potentially hindering the technology's growth, despite risks of trademark misappropriation and consumer exploitation. The regulatory landscape for NFTs remains complex, highlighted by the SEC's enforcement action against Impact Theory. This action underscored the need for a nuanced approach to digital asset regulation.

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