US congressmen are pushing to include legal protection for Non-fungible Tokens in the digital asset regulatory bill

Two US congressmen are pushing for legal protection for Non-fungible Tokens in a broad digital asset regulatory framework bill. The Non-Fungible Token Act, introduced by William Timmons (R-SC) and Darren Soto (D-NY), aims to define certain Non-fungible Tokens as non-securities, including consumer goods such as artwork, video game assets, and memberships. The bill has been incorporated into a revised version of the Financial Innovation and Technology Act of the 21st Century (FIT21), and while the bill has passed in the House of Representatives, it has not yet been approved by the Senate. (Decrypt)