Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Professor testifies for UCC update to cover digital assets and virtual currency (SB 167)
Summary
Legal scholars urged the Senate Judiciary Committee to adopt UCC amendments that modernize commercial law for digital assets and virtual currencies, adopting model Article 12 language already enacted in other states.
Professor Carl Bier testified by remote connection in favor of Senate Bill 167, which would amend Oregon's Uniform Commercial Code to clarify commercial transactions involving digital assets and virtual currencies.
"This bill makes changes to state law governing commerce in order to take it, take account of new types of business transactions, notably, including virtual…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
