Definition ∞ An existing legal framework comprises the established laws, regulations, and judicial precedents that govern activities within a particular jurisdiction. For digital assets, this denotes the current body of law applied to cryptocurrencies, blockchain technology, and related services. Regulators frequently endeavor to interpret novel digital asset activities within these pre-existing statutes. This framework establishes the initial basis for legal certainty or ambiguity.
Context ∞ The dynamic between the swift evolution of digital assets and the application of an existing legal framework is a constant source of news and regulatory discourse globally. Governments and regulatory bodies are actively working to adapt or create new laws specifically addressing crypto, often discussing how current statutes apply or fall short. Clarification or modification of this framework remains a primary concern for market participants.
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