New Hampshire is on its way to including crypto in chapter 12 of the Universal Commercial Code. Its goal is to “attract investments by signaling [...] we are open for business,” said House Majority Leader Jason Osborne.
a bill on Tuesday to adopt the new version of Chapter 12 of the Universal Commercial Code, or UCC, which will govern transfers of digital assets. The chapter is still in draft form, but if HB1503 is signed into law, New Hampshire will be the first U.S. state to adopt the chapter.
The UCC is a set of model laws adopted in their entirety by nearly all U.S. states to facilitate interstate trade. Therefore, the changes are likely to be accepted throughout the country eventually. New Hampshire’s adoption of the new UCC chapter into law in advance of its finalization isto “attract investments and jobs by signaling to this rapidly growing industry that we are open for business,” according to House Majority Leader Jason Osborne.
to create a commission to “make findings and determinations regarding the role and effectiveness of current state laws and regulations governing cryptocurrencies and other digital assets.”
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