Why Crypto Needs UCC Article 12

While the updates to the UCC address the certainty of industrial transactions involving crypto, the UCC does not address other substantive law that could possibly impact these assets appear elsewhere for clarity as to securities and commodity regulation, intellectual home, tax, sanctions, anti-dollars laundering or the rights of digital exchange clients. Article 12 creates defaults and gap fillers, so parties can transact beneath a typical set of guidelines without having getting to negotiate complicated agreements in the course of their transactions.