Committee hears large UCC update to add rules for digital assets and 'controllable electronic records' Senate Bill 252 would update Alaska's Uniform Commercial Code to incorporate 2018 and 2022 amendments including a new Article 12 for controllable electronic records (CERs) that treats some digital assets like negotiable property; testimony emphasized the practical need to make these transactions enforceable.

Alaska is on the brink of a groundbreaking update to its Uniform Commercial Code that could redefine how we handle cryptocurrencies and digital assets!

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