draft a Position Paper regarding the UCC (Universal Commercial code) Emerging Technology Model Act as proposed by the Uniform Law Commission. You will select a state and draft a Position Paper either taking the position that your selected state should adopt the new UCC Model Act or the state should not adopt the new UCC Model Act based on your research, supporting evidence and argument. Keep in mind actions already taken by the state relating to blockchain and cryptocurrencies as provided within the state legislation provided in Paper #1.

An explanation of how to draft a Position Paper has been attached.