Minnesota Lawyer and Finance & Commerce – Partner Content Author: Cory Olson   In the fall of 2021, Sam Bankman-Fried, then CEO of the now-defunct cryptocurrency exchange FTX, approached pop superstar Taylor Swift with a proposed sponsorship worth more than $100 million. According to reports, before the deal was consummated, Swift’s team raised what would seem to be a simple question: Are cryptocurrencies “securities”?    Cryptocurrencies, non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and other digital assets have come under regulatory scrutiny in recent years. Since 2021, the SEC has commenced more than sixty enforcement actions against people or entities that issued, promoted, or exchanged cryptocurrencies. Last month, the SEC commenced its first-ever enforcement action over the sale of NFTs.   Like Swift’s potential nine-figure endorsement, a fundamental...