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Navigating the UCC Article 12 Transition: What Secured Lenders and Borrowers With Crypto Collateral Must Know – For many, the Transition Period deadline ends this summer.
A lender, confident in its documentation, makes a secured loan to a borrower and takes a security interest in a portfolio of digital assets—only to learn, months later, that its “first priority” lien is no longer first priority. Why? Because the borrower’s jurisdiction of organization adopted certain amendments to the…
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