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Cryptocurrency › Digital Currency › Uniform Commercial Code (UCC)

Cadwalader, Wickersham & Taft LLP

Mo’ Money Mo’ Problems: More on the Changes to the UCC’s Definitions of Money – UCC 9-102(a)(54A) – Part Four

Cadwalader, Wickersham & Taft LLP on

The following article is part four of our series on the 2022 Amendments to the UCC. You can find the previous articles here. Our last article explored the amendments to the main definition of “money” in Article 1 of the UCC....more

Cadwalader, Wickersham & Taft LLP

On the Money: Changes to the UCC’s Definition of Money – UCC 1–201(b)(24) – Part Three

Cadwalader, Wickersham & Taft LLP on

The following article is part three of our series on the 2022 Amendments to the UCC. Please read the first two articles for context. I am going to get right to the point here – the reason that the definition of money has been...more

Orrick, Herrington & Sutcliffe LLP

The Uniform Commercial Code Amendments on Digital Assets: Where Do Things Stand?

Orrick, Herrington & Sutcliffe LLP on

Delaware recently joined nine states in approving changes to the Uniform Commercial Code (UCC) involving digital assets. Another 15 states and Washington, D.C. are considering the changes. The Uniform Law Commission urged...more

Levenfeld Pearlstein, LLC

Who Owns Crypto Assets? Know the Risks

Levenfeld Pearlstein, LLC on

Until recently, the nature of ownership of assets on deposit with a third party was not controversial. If a local bank branch goes bankrupt, the cash or other assets deposited with the bank belonged to individual...more

Paul Hastings LLP

How Would You Like to Pay? The Risks of Lending to Borrowers Who are Paid in Crypto

Paul Hastings LLP on

As the adoption of cryptocurrencies as a medium of exchange continues to expand within our economy, more and more companies are now accepting payment in digital currencies from their customers. Today you can use...more

Mintz - Bankruptcy & Restructuring Viewpoints

Securing the Digital Bag: Newly Promulgated UCC Article 12 and Amendments to UCC Article 9 Provide Guidance on Ownership of and...

Mintz - Bankruptcy & Restructuring Viewpoints on

Notwithstanding recent turbulence in the cryptocurrency markets, digital assets of all types are seemingly here to stay. Bitcoin, stablecoins, non-fungible tokens a/k/a NFTs, and even digital currency exchanged in the...more

Polsinelli

Court Rules that Earn Account Assets are Property of the Debtor: Celsius Bankruptcy Case: January 13, 2023

Polsinelli on

Court rules that Earn Account Cryptocurrency is owned by Debtors and will not be returned - In our latest Bitblog update regarding the Celsius Network LLC, et al. (the “Debtors”) bankruptcy proceeding (Case No. Number:...more

Greenberg Glusker LLP

Crypto Contagion

Greenberg Glusker LLP on

Cryptocurrency had a market cap of $10 million in early 2011; it rocketed to nearly $3 trillion in February 2022 and is now down to about $1.1 trillion today. Some of this year's more notable gyrations in crypto's fall from...more

Perkins Coie

Blockchain Week in Review - January 2020 #3

Perkins Coie on

U.S. Developments - Federal and State Regulatory Developments - Bill in Hawaii State Senate Addresses Digital Assets Including Authorization for Banks to Serve as Qualified Custodians - SB 2594 before the Hawaii...more

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