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BTCC / BTCC Square / Global Cryptocurrency /
California Assembly Approves Historic Bill to Integrate Digital Assets in State Payments

California Assembly Approves Historic Bill to Integrate Digital Assets in State Payments

Author:
Global Cryptocurrency
Published:
2025-06-04 08:47:02
20
3

The California Assembly passed AB 1180 with a unanimous 68-0 vote, marking a significant step toward cryptocurrency integration in state operations. The bill, now headed to the Senate, proposes a pilot program allowing businesses to pay state fees using digital assets. Assemblymember Avelino Valencia champions the initiative as a groundbreaking move to explore blockchain's role in government transactions.

The Department of Financial Protection and Innovation (DFPI) will oversee regulatory frameworks for these payments. Valencia emphasized the program's potential to streamline public-sector financial infrastructure through digital assets. The bill's bipartisan support underscores growing institutional acceptance of cryptocurrency.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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