Committee advances Chen bill to reduce digital-asset license application fee at DFPI
AB 236, introduced by Vice Chair Chen, would reduce an anticipated high application fee tied to digital financial asset licenses under the Department of Financial Protection and Innovation (DFPI). The Assembly committee voted to refer the measure to Appropriations.
The full story
The Assembly Banking and Finance Committee voted to do pass AB 236 (Chen) and referred the bill to the Committee on Appropriations on a recorded 8-0 vote.
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