Crypto Judgment Day: Issuing Judgments in Cryptocurrency in New York
Can a New York court enter a judgment in cryptocurrency without converting it to U.S. dollars? The answer is far from clear.
October 05, 2022 at 10:15 AM
8 minute read
CryptocurrencyThe recent increase in the popularity of cryptocurrency has brought an inevitable uptick in crypto-related litigation. At the end of any such litigation, a successful plaintiff may win damages, in a judgment entered by the clerk of court. Typically, that judgment of damages is entered in U.S. dollars. But a party transacting in cryptocurrency may have reasons to not want a judgment in fiat currency. Can a New York court enter a judgment in cryptocurrency without converting it to U.S. dollars? The answer is far from clear.
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