New Frontiers in Technology Act

This bill clarifies that certain non-fungible tokens (NFTs) used for personal, family, or household purposes - such as digital art, collectibles, virtual land, or loyalty points - are not considered "securities" under federal law. It specifically excludes these "covered NFTs" from securities regulations, meaning their sale or promotion isn’t treated as a securities transaction, provided they aren’t marketed primarily as investments or promise value increases. The bill also requires the Comptroller General to study NFT markets within one year, examining their size, risks, integration with traditional markets, and potential for illicit activity. This is a regulatory clarification, not a new policy, directly affecting NFT creators and sellers of personal-use digital assets.