When we talk about the “crypto winter," we don’t only mean the months-long decline in prices of different coins and tokens. We’re also referring to organizational failures, crypto CEOs losing their jobs, and of course: bankruptcy filings. In July, two major crypto players, Voyager and Celsius, both declared bankruptcy. These filings have opened something of a pandora’s box surrounding the interpretation of US bankruptcy law as it relates to crypto. Asset holders, lenders, and the bankruptcy courts are navigating uncharted legal waters. Whatever the courts decide now could set landmark precedents for billions of dollars worth of crypto. To tackle these important and complicated legal questions, Georgetown Law Professor Adam Levitin joins this episode.

Follow us on Twitter @crypto, and subscribe to the Bloomberg Crypto Newsletter at https://bloom.bg/cryptonewsletter