What are the stakes of the Voyager and Celsius Crypto bankruptcies

When we talk about “crypto winter” on this podcast, we’re not just talking about the prices of different coins and tokens dropping for months. We also refer to organizational failures, crypto CEOs losing their jobs and, of course, bankruptcy filings. In July, two major crypto players, Voyager Digital and Celsius Network, both filed for court protection from creditors.

These bankruptcy filings have opened up something of a Pandora’s box around the interpretation of US bankruptcy law as it relates to crypto. Asset owners, lenders and the bankruptcy courts themselves are navigating uncharted legal waters. Whatever decision is made in these proceedings could set precedents for billions of dollars worth of crypto. To address these important and complicated legal issues, Georgetown law professor Adam Levitin joins this episode.