Non-Fungible Insights: Blockchain Decrypted

Winston’s “NFT Litigation and Regulatory Proceedings Tracker” on Lexis+ provides timely updates on significant litigation and administration proceedings involving NFTs brought by U.S. regulatory agencies and private litigants.

Summary of the U.S. Department of the Treasury’s Action Plan to Address Illicit Financing Risks of Digital Assets. 

Winston’s Digital Assets & Blockchain Technology Group summarizes the Treasury’s Report on the opportunities and risks associated with crypto-assets and its recommendations to protect U.S. consumers and businesses.

Winston & Strawn’s Digital Assets & Blockchain Technology Group reviews the DOJ’s Report issued pursuant to the Executive Order on Ensuring Responsible Development of Digital Assets.

Last month, various federal government agencies released eight highly anticipated reports on different aspects of digital asset regulation, setting forth the agencies’ respective legislative, regulatory, and policy recommendations and priorities. 

On February 17, 2022, the Department of Justice announced the appointment of Eun Young Choi as the first head of the National Cryptocurrency Enforcement Team (NCET), which was established by Deputy Attorney General Lisa Monaco in October 2021.

In the last 12 months, institutional‑ and retail-investor demand for cryptocurrency and digital assets has risen exponentially, resulting in a nearly 500% increase in the total market capitalization for over 7,000 forms of cryptocurrency.