Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Ohio sponsors say UCC update will clarify treatment of cryptocurrencies and NFTs
Summary
Sponsors told the Senate Judiciary Committee that House Bill 195 adopts the 2022 Uniform Commercial Code amendments to recognize digital assets as collateral, create rules for controllable electronic records and resolve choice‑of‑law questions; proponents said the bill has broad legal support and passed the Ohio House 83–7.
House Bill 195 received sponsor testimony in the Senate Judiciary Committee as backers described the measure as a targeted modernization of Ohio’s Uniform Commercial Code to account for digital assets such as cryptocurrencies and nonfungible tokens.
Leader Isaacson and Representative Matthews told the committee the bill adopts the 2022 UCC amendments…
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
