A Californian lawmaker has simply added Bitcoin and crypto investor protections to a February-introduced cash transmission invoice aimed toward securing crypto self-custody rights for the US state’s almost 40 million residents.
California’s Meeting Invoice 1052 was launched because the Cash Transmission Act on Feb. 20, 2025, however was amended by Democrat and Banking and Finance Committee chair Avelino Valencia on March 28 to incorporate a number of Bitcoin (BTC) and crypto-related investor protections.
The amendments cross out “Cash Transmission Act,” with the laws now referred to as “Digital belongings.”
“California typically units the nationwide blueprint for coverage, and if Bitcoin Rights passes right here, it could move anyplace,” Satoshi Motion Fund CEO Dennis Porter stated in a March 30 assertion.
“As soon as handed, this laws will assure almost 40 million Californians the best to self-custody their digital belongings with out concern of discrimination.”
Supply: Satoshi Motion Fund
The invoice would additionally deem using a digital monetary asset as a sound and authorized type of cost in personal transactions and would prohibit public entities from limiting or taxing digital belongings solely primarily based on their use as cost.
The invoice would additionally develop the scope of California’s Political Reform Act of 1974 to ban a public official from issuing, sponsoring or selling a digital asset, safety or commodity.
“A public official shall not interact in any transaction or conduct associated to a digital asset that creates a battle of curiosity with their public duties,” one part of the AB 1052 states.
AB 1052 is now within the “desk course of” — which means the invoice has been formally launched and is awaiting its first studying.
A complete of 99 retailers at the moment settle for Bitcoin funds in California, BTC Maps knowledge exhibits.
Ripple Labs, Solana Labs and Kraken are among the many largest crypto corporations primarily based in California.
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A stablecoin-related invoice was additionally launched in California on Feb. 2, 2025, which goals to supply extra readability over stablecoin collateral necessities, liquidation processes, redemption and settlement mechanisms necessities and safety audits.
Bitcoin-related payments and measures close to 100 on the US state stage
In line with Bitcoin Regulation, 95 Bitcoin-related payments or measures have been launched on the state stage in 35 states, together with 36 Bitcoin reserve payments which might be nonetheless dwell.
The Texas Senate handed a Bitcoin strategic reserve invoice in a 25-5 vote on March 6, whereas Kentucky Governor Andy Beshear signed a Bitcoin Rights invoice into legislation on March 24.
Earlier this month, US President Donald Trump signed an govt order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, each of which is able to initially use cryptocurrency forfeited in authorities legal circumstances.
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