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Committee advances digital‑assets measures and consent items including AB 10 52, AB 11 80 and AB 407
Summary
The committee advanced AB 10 52 and AB 11 80 on digital assets and approved AB 407 on the consent calendar during the same hearing, sending the measures to subsequent committees.
The committee addressed a set of shorter items and consent calendar measures that moved out of committee with recorded roll calls.
AB 10 52 (Valencia) — digital‑asset legal framework Assemblymember Valencia sponsored AB 10 52, which would add statutory clarity for certain digital assets, set rules for unclaimed digital property, and bar public officials from issuing or promoting digital assets while in office. Dennis Porter of the Satoshi Action Fund testified in support, saying the bill was needed to protect consumers and public trust. The Consumer Federation of California submitted an "opposed…
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