This legislation updates the Uniform Commercial Code (UCC) to legally recognize digital assets. This includes cryptocurrencies and tokenized records as collateral in secured transactions.
The move aims to provide clarity for businesses and financial institutions engaging with Bitcoin.
What SB 167 Means for Digital Assets
The new law introduces UCC Article 12, establishing a legal framework for digital assets. It includes cryptocurrencies, electronic money, and controllable electronic records. It allows these assets to be used as collateral, facilitating their integration into secured lending and commercial transactions. By defining “control” over digital assets, the law clarifies how rights to these assets can be transferred and enforced. This development addresses previous legal uncertainties surrounding digital assets in Oregon
SB 167 positions Oregon as a forward-thinking state in the realm of digital asset regulation. The law provides a clear legal framework, encouraging businesses and financial institutions to use digital assets in commerce. This move aligns with a broader trend of states adopting legislation to accommodate digital currencies and blockchain technology.
BREAKING:
The bill provides clarity on how digital assets are treated, e.g. legally recognized as collateral. pic.twitter.com/POeyU6fMb7
— Simply Bitcoin (@SimplyBitcoinTV) May 8, 2025
For instance, other states have introduced similar bills. The goal is to recognize digital assets as legal tender or to establish state-backed digital asset reserves. These initiatives reflect a growing recognition of the role digital assets play in modern economies.
More About Bitcoin Reserves
Taiwanese legislator Ko Ju-Chun has proposed that the government consider allocating a portion of its national reserves to Bitcoin, positioning it as a strategic asset to bolster economic resilience amid global uncertainties. Speaking at a national conference on May 9, Ko highlighted Bitcoin’s potential as a hedge against currency volatility and geopolitical risks. He suggested its inclusion alongside traditional reserves like gold and foreign currencies.
JUST IN:
Taiwan Legislator Ko Ju-Chun advocates for #Bitcoin as a strategic reserve.
Asia is getting prepared
pic.twitter.com/QEURHo42Hz— Bitcoin Magazine (@BitcoinMagazine) May 9, 2025
He emphasized that even a modest allocation—up to 5% of Taiwan’s $50 billion reserve—could enhance the nation’s financial stability. Ko’s advocacy reflects a growing global trend of integrating digital assets into national financial strategies, underscoring Bitcoin’s evolving role in modern economic planning.
Disclaimer
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