For the first time, we’re seeing an individual U.S. state (in this case, New Jersey) pursue NFT-specific regulation in what is bound to be a messy situation.
A state bill, titled the ‘Digital Asset and Blockchain Technology Act,’ has already passed assembly and is on its way to the Senate – where speculators have largely expressed belief that it will pass.
Let’s dive into all you need to know regarding this bill and it’s potential implications on NFTs and crypto.
New Jersey: No Stranger To Crypto Enforcement