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> Crypto is tied to.. nothing. It's being tied to US state law, via the Uniform Commercial Code (UCC Article 12 for Digital Assets), https://www.clearygottlieb
by walterbell 2y ago
> Crypto is tied to.. nothing.
It's being tied to US state law, via the Uniform Commercial Code (UCC Article 12 for Digital Assets), https://www.clearygottlieb.com//news-and-insights/publication-listing/ucc-digital-asset-amendments-finalized https://www.clearygottlieb.com//news-and-insights/publicatio...
Article 12 – dealing directly with the acquisition and disposition of interests (including security interests) in “controllable electronic records,” which would include Bitcoin, Ether, and a variety of other digital assets ... Control under Article 12 is designed to be a technology-neutral functional equivalent of “possession.” It generally encompasses circumstances when a party has the “private key”