Steven Aquino Outlines Proposed UCC Article 12, Securing Interests In Digital Assets For ABA

The American Bar Association's Corporate Counsel Division recently published the third installment in a series of articles authored by New York Associate Steven Aquino. In "Crypto, Part III: Securing Interests in Digital Assets—The Proposed UCC Article 12," Steven details the proposed UCC amendments and explores potential implications. His series for the ABA looks at the basics of cryptocurrency and its regulation. Read Part 1 and Part 2 here.

In this installment, Steven explains that the proposed amendments aim to establish a "legal regime" not only for existing electronic assets on distributed ledgers (blockchains) but also for assets that may be created using future technologies.