Memecoins, such as Dogecoin, Shiba Inu, and PEPE, have surged in popularity, catching the interest of casual investors and aligning themselves with internet culture. These memecoins, often started as jokes or parodies of established cryptocurrencies like Bitcoin and Ethereum, rely heavily on market demand and speculative trading rather than intrinsic value or utility. Unlike conventional financial assets, their value can…
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Crypto-law: Enforcement Actions And New Legislative Actions In The U.s. And Abroad
CRYPTO-LAW: ENFORCEMENT ACTIONS AND NEW LEGISLATIVE ACTIONS IN THE U.S. AND ABROAD Unprecedented Enforcement Actions by the SEC The pace of enforcement actions initiated by the SEC against cryptocurrency firms reached unprecedented levels last week with the filing of two significant lawsuits against Binance and Coinbase. In the case of Binance, the charges are more extensive, encompassing allegations of fund commingling…
The EU Markets in Crypto-Assets (MiCA) law
EU Approves Regulatory Framework for Crypto Assets Lawmakers in the European Union have approved two new crypto-related laws. The Markets in Crypto-Assets (MiCA) law requires licensing for crypto wallet providers and exchanges operating in the EU, making it the first major jurisdiction in the world to implement such a comprehensive crypto law. Another law, the Transfer of Funds regulation, mandates…
Hermès Birkin Case and Trademark in the Metaverse
Hermès is famous for their Birkin handbag, which is expensive and serves as a symbol of wealth. They registered the trademark BIRKIN® with the US Trademark Office, but it only covered tangible handbags and not digital representations. In 2021, an artist named Mason Rothschild created MetaBirkin NFTs, which are digital representations of a unique, fuzzy Birkin handbag. He sold over…
Digital Assets Regulation Remarks By Sec Commissioner Pierce
Six points to Consider before Investing & Trading in Cryptocurrency Throughout the years, SEC Commissioner Hester Pierce earned the nickname “crypto mom,” as one of the staunchest supporters of digital assets. Her recent statements at Duke Conference are particularly meaningful, especially considering the frosty 2022 from which the crypto industry is slowly coming out. Here are the most significant key…
CEA Legal – NFT Licenses
As widely known, Non-Fungible Tokens (NFTs) are digital assets that register an immutable transaction on the blockchain. However, often it is not very clear what legal rights the purchaser obtains with the digital asset embedded in the NFT. One of the questions that our clients ask us on a regular basis is what legal rights are transferred with a specific…
Security Token vs Utility Token
A crucial question that often arises in conversations with our clients is whether a digital asset that is being offered or planned to be launched soon will trigger compliance with security laws. The answer to the question typically is based on the analysis as to whether the client will issue a security token or a utility token. A security token…
CEA Legal – NFT Program
I am very happy to announce that Cea Legal is launching today an innovative NFT rewards program for its clients. Each client – whether a business or an individual – that spends in a one-time transaction at least $2,500, $5,000, $7,500 or $10,000 in legal fees will receive a Cea Legal NFT, minted on Cea Legal’s website and hosted on…
NFT Royalties
One of the most attractive features of Non-Fungible Tokens (NFTs) is the opening of new revenue streams for artists and creators, thanks to the rolling royalty structure enabled by the NFT technology. Until today, artists and content creators would monetize only on their work’s initial sale. However, since NFTs are registered through smart contracts on a blockchain, the transactions associated…
The Rise of Decentralized Autonomous Organizations
The corporate world as we have known for the past several years is about to be shaken by the Web3, which is the latest Internet development empowering its users to transact through decentralized blockchain platforms without the need to rely on Web2 giants (such as Facebook, Youtube, and the likes). Specifically, there is an evident lack of coordination and meaningful…