One of the legislators in California just added protection from Bitcoin and Crypto to investors to the funding bill that was presented in February, which aims to secure self -reserve rights for about 40 million people in the United States.
The California Assembly Bill 1052 was introduced as the Funds Transfer Law on February 20, 2025, but it was an average By Democratic and the Banking and Financial Committee, Avelino Valencia on March 28 to include many bitcoin (BTCAnd the protection of the investor related to encryption.
The amendments express the “Money Transfer Law”, with legislation now called “digital assets”.
“California often determines the national plan for politics, and if Bitcoin rights are passed here, it can pass anywhere,” He said In March 30 statement.
“Once approved, this legislation will guarantee approximately 40 million California population the right to obtain their digital origins without fear of discrimination.”
source: Satoshi’s work fund
The draft law also considers the use of digital financial asset as a valid and legal form to pay in private transactions and prevents public entities from restricting or imposing taxes on digital assets only based on their use as payment.
The draft law will also expand the scope of the 1974 California Political Reform Law to prohibit a public employee of the issuance, care, or enhancement of digital assets, security or commodity.
“The General official may not participate in any transaction or behavior related to a digital origin that creates a conflict of interests with their general duties,” one of AB 1052 sections.
AB 1052 is now in the “Office Operation” – which means that the bill has been officially presented and is waiting for its first reading.
A total of 99 merchants currently Accept bitcoin payments In California, BTC Maps Data He appears.
Tamog Laboratory, Solana Labs and Kraken is among the largest coding companies in California.
Related to: The new Bitcoin Law will allow us to reserve 1m
A The draft law related to Stablecoin It was also foot In California on February 2, 2025, which aims to provide more clarity on the requirements of Stablecoin guarantees, liquidation processes, and the requirements for recovery and settlement mechanisms and Security audits.
Bills and measures related to bitcoin near 100 at the American state level
According to For Bitcoin Law, 95 bills or bitcoin measures were provided at the state level in 35 states, including 36 bitcoin reserves that are still alive.
Senate in Texas PassIn a vote 25-5 on March 6, while the Kentucky Governor Andy Bishr signed the Bitcoin Rights Law on Law on March 24.
Earlier this month, US President Donald Trump The executive order signed To create a strategic bitcoin reserve and the stock of digital assets, both will initially use an encrypted currency confiscated in government criminal cases.
magazine: Bitcoin payments are undermined by central stablecoins
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