Seller Able to Void Purchase Contract Requiring Portion of Proceeds Paid in Crypto

March 31, 2022

Why this decision matters: The decision creates an additional risk for parties when buying real estate with cryptocurrency. Additionally, the ruling that the cryptocurrency Troptions is a security under Georgia law is in alignment with guidance from federal agencies including the SEC’s "Framework for 'Investment Contract' Analysis of Digital Assets" and IRS Notice 2014-21 that treats the sale of crypto as property subject to capital gains taxation.

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