Jenner & Block

“Will Insurance Cover Cryptocurrency Claims?” Business Insurance

In this article, Jenner & Block Partners Brian S. Scarbrough and Justin C. Steffen examine insurance coverage of cryptocurrency claims.  The authors explain that the era of a “digital Wild West” and unregulated initial coin offerings (ICOs) may be coming to an end.  With regulators now warning that ICOs may violate securities and other laws, industry participants could incur hefty legal fees.  The authors observe that “entities or individuals receiving subpoenas or lawsuits should consider whether insurance may provide coverage for the likely significant defense costs to be incurred.”