000050170 000__ 02399nam\a2200361\i\4500 000050170 001__ 50170 000050170 003__ SzGeWIPO 000050170 005__ 20240917111027.0 000050170 006__ m eo d 000050170 007__ cr bn |||m|||a 000050170 008__ 240917s2024\\\\ilu\\\\\o\\\\\000\0\eng\d 000050170 040__ $$aSzGeWIPO$$beng$$erda$$cSzGeWIPO 000050170 041__ $$aeng 000050170 24500 $$aThe Inadequacy of Current Digital Asset Statutes and Why a Large Subset of Digital Assets are not Securities 000050170 264_1 $$aChicago, Illinois :$$bUIC Review of Intellectual Property Law,$$c2024. 000050170 300__ $$a1 online resource (pages 359) 000050170 336__ $$atext$$2rdacontent 000050170 337__ $$acomputer$$2rdamedia 000050170 338__ $$aonline resource$$bcr$$2rdacarrier 000050170 4901_ $$aJohn Marshal Review of Intellectual Property Law,$$x1930-8140 ;$$vVolume 23, Issue 1, 2023, pages 359 000050170 520_0 $$aCongress has failed to pass adequate legislation pertaining to digital assets and cryptocurrencies, ranging from directly regulating the sector to establishing a new agency or explicitly granting authority to an existing agency such as the Securities and Exchange Commission (“SEC”) to regulate the sector. In the absence of comprehensive statutes specific to digital assets and cryptocurrencies, the SEC has taken an active and controversial role in policing the digital asset and cryptocurrency sector in what is being labeled as “Regulation by Enforcement” or “Rulemaking by Enforcement.” Furthermore, the digital asset and cryptocurrency sector is still a nascent and emerging sector. The sector’s infancy, the wide-ranging and diverse characteristics of these assets, the presence of a hostile regulator, and the misunderstood orientation within the digital asset sector itself are all factors that have resulted in industry participants being left in the dark. This paper will provide an overview of blockchain technology, introduce optimal definitions and classifications for digital assets and cryptocurrencies, expand upon the inadequacies of current statutes that pertain to digital assets and cryptocurrencies, and explain why a large subset of digital assets are not securities under the Howey test. 000050170 542__ $$fhttps://repository.law.uic.edu/cgi/viewcontent.cgi?article=1528&context=ripl 000050170 588__ $$aCrossref 000050170 590__ $$aPublished online: 2024 000050170 650_4 $$aCopyright Law$$zUnited States 000050170 650_0 $$aIntellectual property. 000050170 650_0 $$aNFTs (Tokens) 000050170 7001_ $$aKhader, Hamdee,$$eauthor. 000050170 7730_ $$tJohn Marshal Review of Intellectual Property Law$$wJMR 000050170 830_0 $$aJohn Marshal Review of Intellectual Property Law ;$$vVolume 23, Issue 1, 2024, pages 359,$$x1930-8140. 000050170 85641 $$uhttps://repository.law.uic.edu/ripl/vol23/iss1/3/$$yonline version 000050170 904__ $$aJournal article 000050170 980__ $$aJMR