California introduces “Bitcoin Rights” in a digital asset change account

California legislator just added Bitcoin and CRIPTO to protect investors in the February proposal for money transfer aims to ensure the rights of crypto-detention for the American state of almost 40 million inhabitants of the American state.

California set Bill 1052 was presented as a money transfer law 20. February 2025. years, but it was altered Democrats and the Banking and Banking and Financial Board presides in Avelino Valencia 28. Marta to include several Bitcoin (Btc) and protection of investors in connection with the crypt.

Amendments cross the “money transfer law”, with legislation now entitled “digital funds”.

“California often sets a national policy draft, and if Bitcoin rights pass here, it can pass anywhere”, “Satosha Action Fund Dennis Porter said in a statement of 30. Marta.

“Once it went, this legislation will guarantee almost 40 million California’s right to self-decision of his digital property without fear of discrimination.”

The bill would also consider it in private transactions and prohibits public entities to limit or tax digital assets, would also forbid public entities to limit or tax digital assets exclusively on their use.

The bill would also expand the volume of the 1974 California Political Reform Law on 1974. years to ban the public official to issue, sponsor or promote digital means, security or goods.

“The public official does not include any transaction or behavior associated with digital means creating conflicts of interest with their public duties”, one section AB 1052 countries.

Ab 1052 is now in the “process of table” – which means that the account is formally introduced and awaiting their first reading.

Currently, a total of 99 traders Accept paycoin payments In California, BTC maps data It shows.

Ripple Laboratories, Solana Laboratories and Kraken are among the largest cryptological companies based in California.

Related: The new law Bitcoin would allow us to cross 1m

A The bill relating to the tracks It was also introduced in California 2. February 2025. years, aimed at providing more clarity in accordance with Stablecoin, Liquidation Process, Request Mechanisms and Settlement Mechanisms and Security audits.

Bitcoin accounts and measures close to 100 at the state level

Toward For the law Bitcoin, 95 Bitcoin was introduced at the state level in connection with Bitcoin in 35 countries, including 36 spare bills for Bitcoin who are still living.

Texas Senate Passed Bitcoin Strategic Spare BillL In 25-5 votes 6. March, while the Centurky Governor Andy Beshear signed the Bitcoin Rights account for the law 24. Marta.

Earlier this month, US President Donald Trump Executive line signed To create a strategic Bitcoin Reserve and Digital Property Warehouse, both of which will initially use the crown protection in government criminal cases.

Journal: Payments Bitcoin undermines centralized stablecoins