US says new IP laws governing NFTs ‘not necessary or advisable’ for now
USPTO and US Copyright Office publish report into whether existing legislation is sufficient for protecting IP rights in the world of NFTs | Offices agree with stakeholders that new laws would be premature.
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24 November 2022 Public call for comments urged by Congress now open | Joint study focuses on laws and policies covering NFTs | Move welcomed by IP lawyers | Morgan Lewis | Finnegan | Perkins Coie | CDAS.
23 August 2022 Issuers “misleading” owners over IP rights | More legal documents setting out ownership terms are needed | More than $118 bn-worth of NFTs were traded over Etherium in a 12-month period.