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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.

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)