Priority Rights + Digital Assets

What is happening? UK Law Commission is exploring apply private property rights to digital assets.

Why is this important? “While the Commission considers the law of England and Wales sufficiently flexible to accommodate digital assets, it believes that certain aspects of the law need reform to ensure that digital assets benefit from consistent legal recognition and protection”

How will this be important? Adding digital assets into existing private property laws could be a roadmap for US jurisdictions.

UK Law Commission Launches Consultation on Digital Assets