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Committee advances two digital‑asset measures: framework and DFPI pilot for crypto payments
Summary
The Assembly advanced two bills on digital assets: AB 1052, which would clarify state law for self‑custodied digital assets and unclaimed property and restrict public officials from issuing tokens, and AB 1180, which authorizes a DFPI pilot to accept digital financial assets for select fees.
The Assembly committee voted to advance two bills addressing digital assets and state use of cryptocurrency‑style instruments.
AB 1052, authored by Chair Valencia, would update state law to recognize certain self‑custodied digital assets as lawful consideration for goods and services, establish clearer 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, the bill’s sponsor, said section 5 of the measure…
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