While federal courts last year recognized that virtual currencies based on blockchain platforms could qualify as securities and/or commodities, there has been some concern that these regulatory structures may not fit all digital tokens under all circumstances.

In a recent New York Law Journal column, Robert Schwinger, a partner in the New York office of Norton Rose Fulbright, discusses current and proposed federal and state legislation on the treatment of digital tokens.

Please see our previous posts, available here, here and here, which provide additional commentary and analysis on some of the issues discussed in the column.

Readers interested in learning more about cryptocurrency can sign up for updates on our Fintech law and regulation page.