California collects bitcoin rights bill to secure the self -security person for digital assets

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The AB-1052 Bill in California provides self-needs encoding rights and prohibits payment restrictions.
The draft law provides legal dealing with the non -demanding digital assets and separates the policy from the encryption activity.

California has taken legislative steps to protect the rights of digital assets, submit a draft law that supports self -supporting, prevents discrimination on the use of encryption, and deals with non -demanding property in the digital space. The draft law, titled AB-1052, seeks to create a legal basis for digital assets in the state, with provisions that may affect approximately 40 million people.

In a recent publication on X, the Satoshi Action Fund confirmed that Avelino Valencia, a member of the House of Representatives in California, has submitted the AB-1052 bill. The legislation was presented earlier as the “Money Transfer Law” on February 20, 2025.

However, it was modified on March 28 and renamed “digital assets” to integrate the protection of self -needs and organizational clarity. Valencia is chaired by the Banking and Financial Committee, which governs the California Financial Services Regulations. The draft law is currently being addressed in the office and is awaiting its first reading.

The draft law AB-1052 enters the legislative process with payment protection measures

AB-1052 emphasizes the right of individuals to Bitcoin for self-allergies and other digital assets without restrictions. It prevents public agencies from imposing taxes or discriminatory regulations that are only based on the use of digital assets in payments. The draft law also recognizes the use of digital assets as a legal legal tendency in private transactions.

The draft law submitted to protect digital assets without difficult penalties. Another part of the draft law provides a structure of abandoned assets. According to this part, the responsibility of licensed individuals is to prevent confusion.

In addition, the draft law includes a language prohibiting public officials to strengthen any encrypted currency, security or commodity. This step amends the current political reform law in California of 1974, creating separation between public duties and digital assets. One section reads that public officials may not participate in transactions that involve digital assets that can cause conflicts in interest.

According to the recent update of BTC Maps, a total of 1035 American sites accepts Bitcoin payments. Ripple Labs, Solana Labs and Kaken are the main digital assets companies that are headquartered in the state. In addition, California lawmakers submitted a separate Stablecoin bill on February 2, 2025. It addresses side requirements, liquidation, redemption and review of Stablecoins.

Follow bills related to bitcoin, 95 of which were already provided in 35 different states. Recently, Texas and Kentucky have already passed bitcoin reserves and correct bills. This development follows a recent executive signed by President -elected President Donald Trump, with the composition of the Bitcoin Strategic Reserve (SBR).

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