This news is a massive hit to bitcoiners who wanted to extract some cash value from their stack, while delaying selling.

Hypothetically, if an individual wanted to continue using Unchained loans, could they create an LLC and have that entity take out the loans on their behalf? I assume the LLC would have to pay the individual so the money could be spent personally (thus triggering an income tax requirement).

Could the individual fund the BTC loan directly? The LLC doesn't really own the BTC used to collateralize the loan. I assume when audited, the IRS is going to have all sorts of questions as to how a brand new LLC with no stated income was able to collateralize a $100,000+ loan.