New Hampshire House of Representatives PastOn Tuesday, a bill was introduced to approve the updated version of Chapter 12 under the Universal Commercial Code (or UCC). This chapter will regulate digital asset transfers. Although the draft is not yet complete, New Hampshire would be the first state in the United States to adopt it if the HB1503 law is passed.

Like the draft chapter of the UCC, the bill — titled “Exempting the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws” — Seeks to create a “workaround” to make it easier to buy and sell cryptocurrencies by stipulating conditions under which “a developer or seller of an open blockchain token shall not be deemed the issuer of a security.” It passed by a vote of 187 to 150.