Crypto Assets in Bankruptcy: Characterization and Valuation of Cryptocurrency in Chapter 11 | Practical Law

Crypto Assets in Bankruptcy: Characterization and Valuation of Cryptocurrency in Chapter 11 | Practical Law

A Practice Note discussing the characterization and valuation of cryptocurrency and other digital assets in an exchange or lending platform Chapter 11 bankruptcy case. The unique nature of cryptocurrency compared to traditional currencies creates significant legal ambiguity and is the subject of pending legislation, regulatory enforcement litigation, and differing positions ranging from commodity, security, fiat currency, or some other form of asset subject to perfection under the Uniform Commercial Code (UCC).

Crypto Assets in Bankruptcy: Characterization and Valuation of Cryptocurrency in Chapter 11

by Practical Law Bankruptcy & Restructuring
MaintainedUSA (National/Federal)
A Practice Note discussing the characterization and valuation of cryptocurrency and other digital assets in an exchange or lending platform Chapter 11 bankruptcy case. The unique nature of cryptocurrency compared to traditional currencies creates significant legal ambiguity and is the subject of pending legislation, regulatory enforcement litigation, and differing positions ranging from commodity, security, fiat currency, or some other form of asset subject to perfection under the Uniform Commercial Code (UCC).