Perhaps the most valuable lesson I may ever have learned in law school was when an exasperated professor cut off a long-winded student by saying "Stop thinking great thoughts and just read the contract." A number of recent decisions in crypto bankruptcies and lawsuits illustrate a similar point — that the plain text of the contracts between platforms and users often matters far more to defining their rights than any of the policy debates or philosophizing that sometimes can occupy the FinTech community and press.