Christopher McDermott - Profile and Journalist Details
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Christopher McDermott
Verified
Senior Editor, EcoWatch
Asheville, Winter Park
Beats
ICE Detention, Covid-19 Race, RefugeesImmigration, Latinos
I rarely cover political stories.
Content
By Christopher McDermott| JD Supra@ Highlights: Stablecoins are likely to be characterized as general intangibles under the UCC of non-Article 12 states. To the extent that non-Article 12 UCC applies to characterizing stablecoins in a transaction, upstream security interests may continue to attach to stablecoins received downstream and make them vulnerable to upstream creditors. Characterization of stablecoins as CERs under Article 12 provides take-free rights, which better align with transacting parties’ expectations.
Mo’ Money Mo’ Problems: More on the Changes to the UCC’s Definitions of Money – UCC 9-102(a)(54A) – Part Four | JD Supra
By Christopher McDermott, Mercedes Tunstall| JD Supra@ The following article is part four of our series on the 2022 Amendments to the UCC. You can find the previous articles here. Our last article explored the amendments to the main definition of “money” in Article 1 of the UCC. We promised to look at the amended money-related definitions in Article 9 in another article. Well, here we go. UCC Article 9 (Secured Transactions) did not have its own definition of “money” before the 2022 Amendments.
By Christopher McDermott| JD Supra@ Highlights: Stablecoins are likely to be characterized as general intangibles under the UCC of non-Article 12 states. To the extent that non-Article 12 UCC applies to characterizing stablecoins in a transaction, upstream security interests may continue to attach to stablecoins received downstream and make them vulnerable to upstream creditors. Characterization of stablecoins as CERs under Article 12 provides take-free rights, which better align with transacting parties’ expectations.
Company Info
EcoWatch
EcoWatch is a prominent digital media platform dedicated to environmental news, sustainability solutions, and eco-friendly product reviews. Founded in 2005 in Ohio, it has grown into a digital hub with over two million monthly readers. Headquartered in New York, EcoWatch focuses on empowering individuals and organizations to adopt sustainable practices through science-based content. The platform publishes original and curated articles on topics such as climate change, conservation, and renewable energy. It collaborates with sustainability experts to provide unbiased reviews of eco-friendly products and services. Additionally, EcoWatch offers educational resources, including guides and actionable insights, to help readers reduce their ecological footprint. The company aims to drive systemic change by fostering informed decision-making and promoting collective action for a healthier planet.
United States, Utah, United States
+1 216-387-1609
Founded: 2006