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Sen. Grayson’s SB 97 makes technical updates to the state’s digital financial assets law; subcommittee advances bill
5333732 · July 8, 2025
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Summary
SB 97 would make clarifying edits and technical updates to California’s 2023 digital financial assets licensing law; the hearing recorded no opposition and the subcommittee recommended referral to Appropriations, 13-0.
Senator Grayson presented SB 97, a technical and clarifying package of amendments to California’s digital financial assets licensing law enacted in 2023.
Grayson said the state Department of Financial Protection and Innovation (DFPI) is…
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