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California Crypto Self-Custody and Payments Bill Passes Committee
California Crypto Self-Custody and Payments Bill Passes Committee
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On April 21, California Assembly Bill 1052, also known as the Digital Assets Bill, passed a Committee vote with bipartisan support. Introduced by Assembly Member Avelino Valencia in February and amended in March, the bill aims to protect cryptocurrency users and investors by supporting their right to self-custody their digital assets. AB 1052 also authorizes individuals and businesses to accept cryptocurrencies as payments. This development is a significant step towards recognizing and protecting the rights of crypto users in California.
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