A Californian lawmaker has simply added Bitcoin and crypto investor protections to a February-introduced cash transmission invoice geared toward securing crypto self-custody rights for the US state’s practically 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 property.”
“California usually units the nationwide blueprint for coverage, and if Bitcoin Rights passes right here, it could actually go wherever,” Satoshi Motion Fund CEO Dennis Porter said in a March 30 assertion.
“As soon as handed, this laws will assure practically 40 million Californians the precise to self-custody their digital property with out concern of discrimination.”
Supply: Satoshi Action Fund
The invoice would additionally deem using a digital monetary asset as a sound and authorized type of fee in personal transactions and would prohibit public entities from proscribing or taxing digital property solely primarily based on their use as fee.
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” — that means the invoice has been formally launched and is awaiting its first studying.
A complete of 99 retailers at the moment accept Bitcoin payments in California, BTC Maps data reveals.
Ripple Labs, Solana Labs and Kraken are among the many largest crypto corporations primarily based in California.
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A stablecoin-related bill was additionally introduced in California on Feb. 2, 2025, which goals to supply extra readability over stablecoin collateral necessities, liquidation processes, redemption and settlement mechanisms necessities and security audits.
Bitcoin-related payments and measures close to 100 on the US state stage
According to 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 can be nonetheless stay.
The Texas Senate passed a Bitcoin strategic reserve bill 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 executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, each of which can initially use cryptocurrency forfeited in authorities legal instances.
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