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Subcommittee moves technical updates to California digital financial‑assets law to Appropriations
5333731 · July 8, 2025
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Summary
Senator Grayson’s SB 97 proposes technical clarifications to the state’s digital financial assets licensing law to align state and potential future federal changes; the subcommittee voted to send the bill to Appropriations.
Senator Grayson briefed the subcommittee on SB 97, a set of updates and clarifications to California’s 2023 digital financial‑assets law that will govern the state’s licensing program administered by the Department of Financial Protection and Innovation (DFPI).
Grayson said the…
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