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With Crypto’s Blowups, TradFi Boasts Its Legal Rigor

Standard-setters say existing rules for lending traditional securities should apply to crypto, too.

By Jack Schickler
Updated May 11, 2023, 6:23 p.m. Published Sep 6, 2022, 2:04 p.m.
Lawyers say better crypto contracts would halt messy situations such as the one bankrupt crypto lender Celsius Network is now in with its creditors. (Dafydd Owen/Getty Images)
Lawyers say better crypto contracts would halt messy situations such as the one bankrupt crypto lender Celsius Network is now in with its creditors. (Dafydd Owen/Getty Images)