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Bill

SB 117

GSC Uniform Comm. Code/Emerging Technologies.

2025-2026 Session Introduced by Danny Britt and 2 co-sponsors

North Carolina bill modernizes commercial code to regulate cryptocurrency, digital assets, and blockchain transactions with clearer legal frameworks.

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Bill Summary · SB 117

Legislative bill overview

SB 117 proposes amendments to North Carolina's Uniform Commercial Code (UCC) to address emerging technologies, particularly in digital assets, cryptocurrency, and blockchain-related transactions. The bill aims to modernize commercial law frameworks to accommodate new forms of property and contractual arrangements that didn't exist when the current UCC was codified.

Why is this important

As digital assets and cryptocurrency transactions grow, existing commercial law creates legal ambiguity about rights, remedies, and enforcement in these spaces. Updating the UCC provides businesses, consumers, and courts with clear rules for emerging technology transactions, potentially reducing litigation and providing regulatory clarity that could encourage responsible innovation in North Carolina.

Potential points of contention

  • Regulatory scope uncertainty: Defining which "emerging technologies" fall under the UCC versus other regulatory frameworks (SEC, FinCEN, banking regulators) could create jurisdictional conflicts
  • Consumer protection gaps: Rapid UCC expansion into crypto/digital assets may prioritize commercial certainty over consumer safeguards, potentially disadvantaging retail investors
  • Implementation challenges: Courts and businesses may struggle interpreting new UCC provisions for technologies that continue evolving faster than legislation can address

Compiled from official sources — confirm details with the bill’s official record.

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