Oregon Bitcoin Bill SB 167 Officially Signed Into Law
Oregon signs SB 167 into law, granting legal clarity to Bitcoin and digital assets as collateral.
- Oregon’s SB 167 bill has been signed into law.
- The bill legally recognizes Bitcoin as collateral.
- It brings regulatory clarity for digital asset use.
Oregon Takes a Bold Step Toward Crypto Regulation
In a major development for crypto legislation, Oregon has officially signed Senate Bill 167 (SB 167) into law. This move positions the state as a forward-thinking leader in recognizing digital assets — especially Bitcoin — within its legal framework.
SB 167 provides much-needed clarity on how digital assets like Bitcoin can be used, including their recognition as legal collateral. This legal recognition is a significant step for both individuals and businesses, especially those looking to use crypto in lending, investment, or contractual agreements.
What SB 167 Means for Crypto in Oregon
The bill outlines specific legal definitions and protections around digital assets. Most notably, it allows Bitcoin and similar cryptocurrencies to be treated as personal property that can be pledged as collateral in secured transactions. This brings crypto a step closer to being treated like traditional financial assets under the law.
Such clarity can foster confidence among institutions, banks, and service providers in the state. It reduces regulatory uncertainty and may open the door for more innovation, lending platforms, and blockchain-based services to operate within Oregon.
A Growing Trend of State-Level Crypto Laws
Oregon’s move reflects a broader trend in the U.S. where states are taking the lead on digital asset regulation in the absence of comprehensive federal guidance. By establishing clear rules, states like Wyoming, Texas, and now Oregon are actively shaping the future of crypto finance.
This legislation also aligns with a global push for clearer digital asset regulations. As more jurisdictions adopt similar laws, the pathway for mainstream crypto adoption becomes more accessible.
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