Chapman Law Review


"The rapid rise (and, in some cases, swift fall) of the digital asset economy has been incessantly chronicled in the business and legal press for a decade. 1 From Bitcoin and other cryptocurrencies, to decentralized autonomous entities ('DAOs') and non-fungible tokens ('NFTs'), 2 new asset classes and business models have burst onto the scene, with lawmakers and government regulators struggling to keep up. In some cases, the lack of a legal framework is precisely what 'Web3' proprietors want; but, it should come as no surprise that governments do not view digital assets as exempt from the rules that apply to familiar financial products and transactions. Of course, deciding whether digital assets should be regulated is the easy part for governments—the thorny question is how should they be regulated."



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.