*co-authored by Elizabeth L. Carter, Esq., Managing Attorney
The Securities and Exchange Commission (SEC) has been busy applying federal securities laws to the digital asset space which includes cryptocurrencies, initial coin offerings (ICOs), and non-fungible tokens (NFTs). A report by American Progress valued the digital space at around $1.95 trillion in mid-August which increased to $2.14 trillion in September, just one month later.
In addition to this growth, there have been several accounts of theft, fraud, and other violations by issuers and consumers of these digital assets. The digital asset space is decentralized and not largely regulated, which causes
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