The Ohio House on Nov. 4 approved House Bill 195, a measure to adopt revisions to the Uniform Commercial Code (UCC) that recognize digital assets and provide standards for control and security interests in electronic records. The clerk announced the vote in favor with 82 affirmative and 6 negative votes.

Representative Adam Matthews, the bill’s sponsor, told the chamber the UCC serves as a baseline legal framework for commercial transactions when parties do not contract otherwise and that the 2022 Uniform Law Commission revisions address cryptocurrencies and electronic assets. Matthews said the changes would bring Ohio into alignment with at least 29 other states and help borrowers and lenders use digital assets as collateral while protecting against competing claims.

Leader Isaacson echoed support, stressing uniformity across states and noting that neighboring states were moving in the same direction. Sponsors repeatedly said the UCC update does not create a central-bank digital currency (CBDC) and cannot override federal monetary policy.

The bill’s provisions classify certain digital assets as controllable electronic records, not as money; define control and perfection mechanisms for security interests in digital assets; and include transitional provisions to protect preexisting security interests. Supporters argued these rules lower legal uncertainty and borrowing costs related to digital-asset transactions.

The House recorded an 82–6 roll-call enabling the bill to pass. The bill’s title was agreed to on the floor. No floor amendments altering the bill’s core definitions were recorded in the transcript.