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This is AWESOME & is LONG overdue. For lawyers out there Texas is proposing to apply the UCC “take free” rules, which means innocent purchasers of #bitcoin & other virtual currencies take free of any adverse claims as long as they didn’t defraud the seller. THIS IS A BIG DEAL!

This is AWESOME & is LONG overdue. For lawyers out there Texas is proposing to apply the UCC “take free” rules, which means innocent purchasers of #bitcoin & other virtual currencies take free of any adverse claims as long as they didn’t defraud the seller. THIS IS A BIG DEAL!



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  1. What does this Take Free mean?

    I read the 15 or 16 tweets & understand it is related to property rights & the definition of ownership (or control) but I couldn’t find a definition of that oft repeated phrase “take free.”

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