Oregon’s commercial regulations have been modernized with the signing of Senate Bill 167 on May 7th. This legislation, aligning with the Uniform Commercial Code (UCC), introduces provisions specifically addressing digital assets. Article 12 of the UCC will establish a legal framework for cryptocurrencies, tokenized records, and electronic money. Additionally, it amends Article 9 to allow digital assets to be used as collateral in secured transactions. The bill recognizes the legal validity of electronic records, signatures, and hybrid transactions to support the development of digital commerce. Transition provisions ensure existing legal transactions remain valid through a grace period for security interests to comply.