The Digital Asset Market Clarity Act (CLARITY Act), which establishes a permanent legal boundary between federal agencies in regulating digital assets, was formally placed on the U.S. Senate legislative calendar. However, its immediate passage faces strong resistance as the bill recently stumbled over crucial hurdles related to ethics disputes and law enforcement concerns. Polymarket’s market odds for the bill’s passage have fallen to 47-48% (from over 74%), with a few legislative days remaining before the August recess to debate the bill alongside competing national security priorities.
Nevertheless, the Memorandum of Understanding (MOU) issued by the SEC and CFTC and the subsequent joint interpretive release constituted the first formal five-part token taxonomy, explicitly classifying digital collectibles as non-securities. This provided significant regulatory clarity by confirming that NFTs are not securities. The $NFT The art market has transitioned from the speculative frenzy of 2021 to a more consolidated ecosystem featuring curated, high-quality digital art with themes of our nation’s 250th anniversary. On Flag Day, celebrated on June 14, on the occasion of the 80th birthday of our country’s first crypto presidente On this anniversary, many museums demonstrate their commitment to preserving digital art for future generations and hold USA 250 themed exhibitions.
The Museum of Art + Light (MoA+L) unveiled its permanent digital art collection, featuring more than 40 works by 15 internationally recognized digital artists. The collection, developed in collaboration with Iconic, represents a significant commitment to the collection, preservation and exhibition of digital art that reflects the breadth, innovation and cultural significance of digital artistic practice in the 21st century by a contemporary art museum in the US.
“From the beginning, our partnership with the Museum of Art + Light has focused on the belief that digital art deserves the same level of institutional support, preservation and public engagement as any other artistic medium,” said Chris Cummings, founder and CEO of Iconic. “We are honored to have helped create a collection that not only honors today’s leading digital artists, but also creates an important cultural resource for the future.”
Founded as the world’s first contemporary art museum to exhibit immersive, digital and permanent collections from the ground up, MoA+L has purposefully built a collection that spans generative art, AI-enabled works, digital poetry, blockchain-native artworks and hybrid physical-to-digital pieces to curate a collection that captures key voices shaping contemporary digital culture.
“Building a permanent collection dedicated to digital art was never an afterthought for the Museum of Art + Light, it was fundamental to our vision,” said Erin Dragotto, executive director of the Museum of Art + Light.
“As museums around the world continue to explore how digital art fits into their collections, we have had the unique opportunity to intentionally build a collection from the ground up. These acquisitions ensure that some of the most influential artists working with technology today will be preserved, studied and shared with the public for generations to come.”
The National Lighthouse Museum (NLM) will launch the Statue of Liberty Art Show on June 14, Flag Day, which will run until January 2, 2027. The art show, curated by Stevie Peters, features a historic photograph of Lady Liberty when she first arrived in New York Harbor – on loan from Victoria Westhead – and oil paintings by award-winning artists Hunt Slonem and Selva Ozelli.
Hunt Slonem participates in the Statue of Liberty Art show with his signature series “Bunny, Bird and Butterfly,” including an American flag representing abundance, hope and fertility; his Abraham Lincoln series, which portrays the timeless icon of American history as a “great soul,” a symbol of justice and personal freedom; and his Chandelier series, which reflects his fascination with light and historical grandeur.
‘About Marilyn [Monroe]’s desk she had a picture of her mother and a picture of Lincoln. And she said, “I really didn’t know who my father was, so it might as well have been Abraham Lincoln.” I work with fortune tellers and mystics, and one of them started channeling Lincoln into my house, [Lincoln] guided me in painting certain things, such as my pigeons: he wanted me to paint them as a symbol of freedom.”
Selva Ozelli participates in the Statue of Liberty Art Show with her Ocean Lovers-Angel Fish Flag CCL, a 20-by-15-foot American flag from her Flag CCL series that represents the seven rays on the crown of the Statue of Liberty, depicting the seven continents, seven seas and the angelfish inhabitants of the world, often considered a symbol of hope, peace and spiritual guidance.
“I am honored to participate in the Statue of Liberty Art Show, along with a historic photo of Lady Liberty and my favorite artist Hunt Slonem with my Ocean Lovers – Angel Fish Flag CCL painting.
For one hundred and forty years, the Statue of Liberty in New York Harbor and hundreds of replicas and models of ‘Lady Liberty’ spread around the world, ranging from small, historic models in Paris to large or reduced copies in cities such as Tokyo, Rio de Janeiro and Las Vegas, have become a most important symbol of the global spread of liberty, freedom, democracy, justice, hope and inspiration to serve every creature of our world.”
“Whether people have seen Lady Liberty in real life in different cities or only in photographs, whether the people are American or of other nationalities or cultures, the Statue of Liberty, which first served as a lighthouse that stood tall in New York Harbor across from our museum, has come to symbolize something that is important to people in their own lives on a very personal level – representing a certain level of safety, fortitude, freedom, democracy, the rule of law, hope and the abolition of slavery. a universal beacon of light, liberty and freedom. We invite everyone who wants to see the Statue of Liberty Art Show of Lady Liberty herself and the largest waterfront spectacle, SAIL 4th 250…Where Light Meets Liberty, which will take place from July 3 to 8, 2026 in the Port of New York and New Jersey, with the main event being the International Parade of Tall Ships, scheduled for July 4, 2026.
These events are part of the U.S. Semiquincentennial and are expected to be the largest international maritime gathering in U.S. history, with more than 30 major ships from around the world sailing up the Hudson River. Our museum, which will host a Watch Party Breakfast on July 4, will serve as a major viewing spot. For more information or to become an event sponsor, contact www.lighthousemuseum.org,” explains Linda Dianto, Executive Director of NLM.
About the author:
Selva Ozelli Esq, CPA, is an international legal expert on digital assets and author of Sustainably Investing in Digital Assets Globally. Her writings are translated into 45 languages and republished in more than 200 worldwide publications. She is recognized as an expert media/TV commentator on global digital asset regulation, tax and technology issues.