Summary of Mendes Hershman Student Writing Contest Prize Essay: Meme Regulation: Analyzing the SEC's Concerns Regarding Digital Assets and Non-Fungible Tokens.

The essay discusses a guided framework for digital asset creators and technology developers published by the U.S. Securities and Exchange Commission (SEC) in 2018, which enunciated the precedence of SEC v. W.J. Howey Co. and warned creators against the development of assets reflecting the characteristics of securities. It juxtaposes the technical attributes of non-fungible tokens (NFT) and the NFT economy to the legal rationale explicated in the case. It also discusses the history of NFT.