Hot Off the Blockchain: Current Crypto Case Law
The following session took place during the 2026 ABI International Caribbean Insolvency Symposium in January 2026. This panel will analyze evolving approaches to the characterization of digital assets, focusing on the treatment of crypto in the GENIUS Act and the implications for priority, setoff, and customer vs. estate property rights. The panelists will discuss key recent decisions, including In re Prime Core and Celsius, addressing what constitutes property of the estate, the contours of constructive trusts and tracing, and the allocation of rights among customers, lenders and estate fiduciaries. The panel also will examine the legal status of stablecoins, including whether any super-priority liens can prime lawyers’ retaining or charging liens, and will assess the latest FTX decisions on sanctions, OFAC, and the permissibility of transfers to creditors in restricted jurisdictions such as China and Russia. Collectively, the panelists will present a practical framework for advising clients and litigating crypto-related insolvency issues across jurisdictions.
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Session Materials:
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Speakers:
James L. Bromley
Sullivan & Cromwell LLP | New York, NY
Eleanor Fisher
Teneo | Cayman Islands, George Town
Sophia Rolle-Kapousouzoglou
Lennox Paton | Bahamas, Nassau
Gregg Steinman
McDermott Will & Schulte LLP | Miami, FL