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Assembly committee advances Grayson bill to update California digital-finance licensing law
Summary
The Assembly Banking and Finance Committee voted to pass SB 97, a bill by Sen. Grayson that makes technical updates to California's digital finance and financial assets licensing law and preserves flexibility to conform to future federal rules.
The Assembly Banking and Finance Committee on Oct. 26 advanced SB 97, a measure by Sen. Scott (Grayson) that updates California's digital finance and financial-assets licensing law and preserves the state's ability to conform to any new federal legislation.
SB 97, as presented by the bill's author in committee, makes clarifying amendments to the law the senator authored in 2023 and is intended to reflect consensus changes agreed with…
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