Lawyer | NFTs | Metaverse | Web3 No legal/financial advice. Opinions are my own. Awarded NFT.NYC’s 2022 ‘Most Expert Handling of the Law and NFTs’ Award
California is in the process of passing a new bill (AB 1052) that would require holders of cryptocurrency to turn over the cryptocurrency to the state if it is “presumed abandoned.” Many states have already passed bills like this. Message me if you’d like to learn more.
Seeing a lot of posts wrongly explaining what the overturning of Chevron means. It does not prohibit an agency from interpreting a statute. It guards against blind deference to that interpretation.
BREAKING: The Supreme Court overturns the Chevron case, increasing the burden on the implementation of regulations. This is a huge win for crypto and all regulated areas. Opinion here: supremecourt.gov/opinions/23…
UPDATE: On July 1, 2024, California's prohibition on "drip pricing" becomes effective. Advertising a price that does not include all "mandatory fees or charges" other than taxes and postage/carrier charges will be deemed an unfair method of competition and deceptive act.
Did you know states hold your unclaimed property until you claim it? This includes liquidated stocks, crypto, checks, gift card balances, and much more.
For those who store crypto on centralized exchanges, check on your accounts. Unclaimed property laws require these exchanges to report and provide the property to the state if the account is dormant for the statutory period. The state will then liquidate the crypto.
Have you seen more or less “copycat” NFTs?
I’m seeing less, but unclear if from the recent success of some IP NFT cases or simply because the market is down. Perhaps both?
The Yuga Labs - Ryder Ripps lawsuit is shaping up to be an immense battle. Fenwick & West (Yuga’s hired law firm) and WilmerHale (Ryder’s hired law firm) are both excellent. Looking forward to this precedent-setting case
Seth Green got his Bored Ape back. Happy ending for Seth. Matter of time before someone else sues to determine the application of the bona fide purchaser doctrine to NFT ownership
Now that this issue appears to have a happy ending, I’d like to present a counter argument to those who said that @DarkWing84 could not cause problems for @SethGreen. As I will note below, he/she at least has good arguments that he/she is the current owner of the bored ape NFT
Good news frens, @DarkWing84 & I connected- working together to prosecute the original thieves & hopefully make this space safer.
Huge thanks to @BoredApeYC community for maintaining the collaborative spirit of the project. Can’t wait to see you at #WhiteHorseTavern
There are many questions about whether DarkWing is a bona fide purchaser, and we don’t know the facts either way. An argument can be made that the blockchain precludes the BFP doctrine entirely because all transactions are public.
The above should not be construed to mean that DarkWing has the better arguments. BOTH sides have reasonable arguments. My point is merely that DarkWing has reasonable arguments too, and as a result could cause problems for Seth Green