Current IP Laws Seen as Sufficient for NFTs in New US Study, But Questions Remain on Trademarks and SEC Rules

• Current intellectual property laws adequate for addressing NFT-related concerns, per joint USPTO and Copyright Office study • Study requested by Senators Leahy and Tillis; based on 3 roundtables and stakeholder comments • Stakeholders agreed current laws sufficient, premature legislation could impede NFT tech development • First NFT-related SEC enforcement action fined Impact Theory $6.1 million for improperly selling NFTs as securities • Unclear if trademarks for physical goods can be enforced against similar digital NFT goods, complicating enforcement