OREGON UPDATE: SB 167 SIGNED INTO LAW — MODERNIZES THE UNIFORM COMMERCIAL CODE TO RECOGNIZE DIGITAL ASSETS AS COLLATERAL

A major step forward for digital asset adoption: Oregon’s SB 167 has been enacted, officially updating the UCC to define and support digital assets—including cryptocurrencies—as controllable electronic records. This clarification enhances legal certainty around using digital assets as collateral and aligns state law with emerging financial technologies.