From a legal development standpoint, the clearest sign that digital assets have reached a new level of maturity is when the law gives up trying to shoehorn their legal issues into rules that were developed long ago in other contexts, and instead recognizes that these assets need their own legal framework, attuned to their own specific features, needs and issues.
New York’s UCC Amendment Creates Framework for Digital Assets
On Dec. 5, 2025, New York Governor Kathy Hochul signed into law a set of amendments to the New York Uniform Commercial Code which create a new article, Article 12, covering a broad range of digital assets, with various associated changes to other UCC provisions.
By
Robert A. Schwinger
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