ChainCatcher news, according to Crypto Briefing, Oregon has passed Senate Bill 167, incorporating digital assets into the legal framework of the Uniform Commercial Code (UCC). The bill was signed into law by Governor Tina Kotek on May 7.The new law introduces UCC Article 12, which clarifies the legal definition of digital assets, including crypto assets, tokenized records, and electronic money, and amends Article 9 to allow digital assets to be used as collateral for secured transactions. Additionally, the bill updates several UCC provisions to recognize electronic records, electronic signatures, and hybrid transaction forms, thereby supporting digital business activities.The bill also includes transitional provisions to ensure the legality of transactions that occurred before the new regulations took effect, while providing a one-year compliance adjustment period for existing secured interests. Previously, the legal status of digital assets when used as collateral or in transactions was unclear, and this revision provides a clear legal basis for the control, perfection, and enforcement of their rights.Reports indicate that Oregon has also proposed another blockchain-related House Bill 2071, which is currently in the early stages of legislation and has not yet entered the voting process.

ChainCatcher news, according to the Coinbase blog, Coinbase responded to the securities enforcement action initiated by the Oregon Attorney General, stating that the lawsuit is as baseless as the previous lawsuit filed against Coinbase by the SEC, and relies on outdated theories that have already been dismissed.Coinbase stated that it will vigorously respond to the lawsuit, defend the rights of the industry and users, and support federal digital asset legislation to regulate the industry, emphasizing that the Oregon action hinders the progress of the crypto industry.

ChainCatcher news, according to Jinshi reports, Goldman Sachs believes that the Federal Reserve's interest rate cut in December is a foregone conclusion, followed by consecutive cuts of 25 basis points in January and March of 2025; subsequently, there will only be rate cuts in the June and September meetings. However, there are still some variables, as more and more Federal Reserve officials indicate that the FOMC may slow down the pace of rate cuts sooner, so there is a risk of pausing rate cuts in the January meeting.Traders now believe that the likelihood of the Federal Reserve cutting rates by 25 basis points at the meeting on December 17-18 is as high as 97%. However, due to stronger data in November, the risk of the Federal Reserve pausing rate cuts in early 2025 has increased. Powell's post-meeting speech and the latest economic forecasts will be crucial.

ChainCatcher news, Moody's senior economist Katrina Ell stated that Trump's announcement on social media regarding tariffs on major trading partners serves as a reminder of how much volatility his presidency could bring to the markets.She mentioned that, in fact, there was no preparation before Trump announced the policy, which caused significant anxiety in the markets. We do not know what will ultimately happen. No one can determine when Trump's campaign promises will be fulfilled. But it is certain that we are heading towards a high degree of uncertainty. People hope that if countries like Mexico and Canada address the issues to some extent, trade tensions may ease. If they choose to show strength, things will escalate, and Trump will double down, which will have a greater ripple effect on other economies. (Jin Ten)

ChainCatcher news, according to Google's presidential election results information, voting has ended at 11 PM local time in three states on the West Coast. After Oregon began counting votes, Harris temporarily leads Trump, as follows:Trump's vote percentage is 39.2%, with 431,171 votes;Harris's vote percentage is 58.4%, with 636,369 votes.In addition, the last key "swing state," Nevada, has not yet started to release data.

ChainCatcher news, according to the Associated Press, Harris is expected to win in Washington and Oregon.

ChainCatcher news, according to Cointelegraph, the cryptocurrency platform Abra and its CEO William Barhydt have reached a settlement with the financial regulators of the state of Oregon. Under the terms of the settlement, Abra will return the assets held by Oregon users on the platform and cease the issuance of unregistered securities in the state. If Abra successfully returns all assets to Oregon customers by April 25, it will not face any fines.

According to ChainCatcher, as reported by Blockworks, a lawmaker in Oregon, USA, has submitted a bill aimed at curbing carbon emissions from "high-energy" facilities such as cryptocurrency mining, with a goal of reducing emissions by 60% by 2027. The proposed new baseline is set at 0.428 metric tons of carbon dioxide equivalent per MW, and it requires crypto companies to reduce emissions according to the following timeline: an 80% reduction by 2030, a 90% reduction by 2035, and net-zero emissions after 2040. Non-compliance will result in a civil penalty of $12,000 per MW.It is reported that the bill has just been submitted to the legislature and has not yet been assigned to a committee or held a hearing, a process that may take two to three weeks. (Source link)