Oregon passes SB 167 to establish legal control standards for digital assets
Tina Kotek, Governor of Oregon, signed Senate Bill 167 on May 7, updating the state's commercial regulations to the Uniform Commercial Code (UCC), explicitly incorporating provisions related to digital assets. The new law introduces Article 12 of the UCC, establishing a legal framework for cryptocurrencies, tokenized records, and electronic currencies, and amends Article 9 of the UCC to allow digital assets to be used as collateral for secured transactions. In addition, the law recognizes the legal effectiveness of electronic records, electronic signatures, and mixed transactions to support digital business development.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CandyBomb x POWER: Trade to share 4,387,500 POWER
New users get a 100 USDT margin gift—Trade to earn up to 1888 USDT!
Bitget Spot Margin Announcement on Suspension of DOG/USDT, ORDER/USDT, BSV/USDT, STETH/USDT Margin Trading Services
BGB holders' Christmas and New Year carnival: Buy 1 BGB and win up to 2026 BGB!
