The California legislator has just added security of Bitcoins and cryptographic investors to the Act on Money Transfer in February, aimed at securing cryptocurrency rights for almost 40 million US residents.
The California assembly of 1052 was introduced as the Act on a monetary transmission on February 20, 2025, but it was changed Chairwoman of the Democrats and the Avelino Valencia Banking and Finance Committee on March 28, including several security of investors related to Bitcoins (BTC) and cryptocurrencies.
Amendments are exceeded by the “Act on transferring money”, and the provisions currently called “digital assets”.
“California often establishes a national plan of rules, and if Bitcoin’s laws pass here, maybe it will pass anywhere”, general director of SATOSHI Action Fund Dennis Porter he said In a statement of March 30.
“After adopting, this provisions guarantee almost 40 million Californians the right to self -relationship their digital assets without fear of discrimination.”
Source: Satoshi Action Fund
The bill would also consider the utilize of digital financial assets as an vital and legal form of payment in private transactions and would prohibit public entities to limit or tax digital assets only on the basis of their utilize as payment.
The bill will also extend the scope of the Act on political reforms of California of 1974, to prohibit the public official of the publication, sponsorship or promotion of digital assets, security or goods.
“A public official will not be involved in any transaction or behavior related to the digital activist, which creates a conflict of interest with their public duties”, one section of the States AB 1052.
AB 1052 is now in the “desk process” – which means that the bill has been formally entered and is waiting for its first reading.
In total, 99 buyers are currently accepting Bitcoin payments in California, BTC Maps data can be seen.
Ripple Labs, Solana Labs and Kraken belong to the largest cryptographic companies based in California.
Related: The recent Bitcoin Act would allow us to exceed 1m
There was also an account related to Stablecoin introduced In California, on February 2, 2025, which aims to ensure greater clarity in the field of Stablecoin protection requirements, liquidation processes, requirements for redemption and settlement mechanisms, as well as security control.
Bitcoins bills and measures near 100 at the US state level
According to For the Bitcoins law, 95 bills or funds related to bitcoins in 35 states have been introduced at the state level, including 36 bitcoin bills, which are still alive.
The Senate in Texas adopted the Act on the Bitcoin strategic reserve in voting 25-5 March 6, while Governor Kentucky Andy Beshear signed the Bitcoin law Act on March 24.
At the beginning of this month, US President Donald Trump signed an executive order to create a strategic Bitcoin reserve and digital action, which will initially utilize the cryptocurrency lost in government criminal matters.
Warehouse: Bitcoin payments are challenged by centralized stableins
