Too Long; Didn't Read
New EU crypto laws might "substantially widen" scope of existing EU regulations by requiring non-fungible token (NFT) issuers to consolidate and register their assets. Businesses in the digital asset sector are worried about Brussels' old bureaucracy stifling innovative ways of selling digital assets including artwork, music, memes, and even tweets. Lawmakers want to come to an agreement on the issue as soon as next week, and inaction is not an option. Artists, video gamers, musicians, and musicians are their primary target demographics.