kaal:claim:3411110-023

Digital securities are not recognized under any state's current commercial law, which matters because that recognition governs margining and the pledging of securities as collateral.

Source quote, verbatim

The lack of recognition of "digital" securities under any state's current commercial law,51 which is relevant for margin / pledging securities as collateral

From

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), V. Overcoming Regulatory Uncertainty, p. 21
https://ssrn.com/abstract=3411110 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

Holds when

state commercial law as codified in the UCC

Classification

failuresupport: assertedfailure: commercial law non-recognition of digital securitiesfamily: regulatory-lagsecurities-law

Verify

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Attestation record: colloquium/attestations/0df24dccbc96e019...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3411110-023.md | sha256sum