How to regulate NFTs?

Check the best trends & indicators [View in Browser]( The Pastel Green Nano is now back in stock! [Own and secure your digital assets in style.]( [Get Pastel Green Nano →](   [Ledger’s VP Policy Seth Hertlein shares his thoughts on how policymakers should regulate NFTs.]( How to regulate NFTs? Seth Hertlein [delivered a speech]( at Westminster to answer this crucial question. He gave 3 key recommendations to policymakers. “First, don’t regulate technologies, per se – remember that NFTs are just a technical standard – if you must, regulate how a given technology is used; not the technology itself. Second, start small. Regulate only what you must, as narrowly as possible. You can always tighten later if you need to, but history has shown that once clenched, governments are not very good at relaxing their grip. (...) And finally, be cognizant that well intentioned goals and policies of the legislature, even those enacted into law, can easily be frustrated by overzealous rulemaking at the agency level.” [Swan Bitcoin CEO believes ETF “multiplier effect” will usher in a Bitcoin Frenzy.]( Cory Klippsten thinks the ETF impact over Bitcoin will go far beyond the actual inflows, and will instead enable a mechanism he dubs as the “multiplier effect.” “Because of the existence of the ETFs and the credibility of these large financial firms getting into the space and validating it in the eyes of investors [...] A lot more Bitcoin will be purchased through all the other sellers around the world,” he said to Cointelegraph. He also believes "there is a pretty good likelihood” an Ethereum ETF will be approved soon in the U.S., mainly due to the influence of Consensys and the Ethereum Foundation over U.S. regulators. [A16z’s Chris Dixon believes that blockchain technologies will counterbalance Artificial Intelligence.]( In his new book, Chris Dixon argues that blockchains are bound to serve as counterbalancing forces to tech giants dominance and the centralizing effect of Artificial Intelligence. “Generative AI lets you create content very cheaply and therefore will put downward pressure on a lot of creative people’s business models,” Dixon said, adding that blockchain technologies will help creators gain ownership over their content and show provenance, including demonstrating that a particular video is not fake and AI-generated. “Generative AI lets you create content very cheaply and therefore will put downward pressure on a lot of creative people’s business models,” he added. [Manage Your Assets →](     → [+13%]( Chainlink (LINK)’s price growth over the past 24 hours, hitting a 22-months high and dominating the altcoin rally. This trend can be attributed to dormant wallets resuming activity, [according to Santiment.]( → $4,000 The estimated price Ether could reach by May 2024 if the Spot ETH ETF were to be approved by, per the British Bank Standard Chartered. The bank sees “no fundamental reason” for the SEC to treat Ether differently than Bitcoin. → [+25%]( Solana’s price over the past week, a surge which can be attributed to surging network activity from Wednesday’s Jupiter token airdrop. However, Solana is still far from its 2021 peak price of nearly $260. → [656,421 BTC]( The number of Bitcoins collectively held by the 10 Spot Bitcoin ETFs as of January 31st, up around 3% from the initial total holdings of 637,610 BTC. At the time of writing, Bitcoin is trading at 43,389, down about 3.9% over the past 30 days. → [656,421 BTC]( The number of Bitcoins collectively held by the 10 Spot Bitcoin ETFs as of January 31st, up around 3% from the initial total holdings of 637,610 BTC. At the time of writing, Bitcoin is trading at 43,389, down about 3.9% over the past 30 days.  [Buy Crypto Now →](    Pascal will be speaking at a special gathering for Arte Talks Satoshi Edition to talk about crypto. [Secure your spot if you’re around.](  [@KaspaCurrency]( Ledger Nano app is now available, which means you can manage your [KAS]( through your secure device.  Proof of reserves (PoR) are independent audits that verify that custodians actually possess their client funds. [The Ledger Academy breaks it down.](  * Buy, swap, lend, and other crypto & NFTs transaction services are provided by third-party providers. Ledger provides no advice or recommendations on the use of these third-party services. [Ledger]( Follow us on: [Ledger YouTube]( [Ledger Twitter]( [Ledger Instagram]( [Ledger Facebook]( [Ledger TikTok](ledger) & listen to our podcast [here](. This email was sent to you because you signed up at Ledger.com or purchased a Ledger product. 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