California Votes to Allow Crypto for State Payments
The post California Votes to Allow Crypto for State Payments appeared on BitcoinEthereumNews.com.
California Assembly approves AB 1180 to allow crypto for state payments. AB 1052 protects private crypto users, wallets, and digital asset rights. Senator Ben Allen supports stronger government focus on digital currency policies. California is moving closer to becoming a crypto-friendly state. On June 2, the California State Assembly passed Assembly Bill 1180 (AB 1180) with a unanimous 68-0 vote. Such a law will allow different state departments to process digital currencies, for example Bitcoin, in order to settle state payments. Now, people will have a chance to debate the bill in the California Senate. AB 1052 Advances to Protect Private Crypto Use and Custody According to AB 1180, the Department of Financial Protection and Innovation (DFPI) must establish clear rules. Because of these rules, individuals can now make state fee payments and execute transactions using cryptocurrency under the Digital Financial Assets Law (DFAL). The main body dedicated to controlling financial services in California is the DFPI. The agency ensures consumers are looked after and that technology development is safe. Prior to being passed, the bill was modified a number of times. A large amendment took out parts covering both ride-share providers and people using their private cars for rides. Because of this, the bill is now concentrated on crypto transactions under the DFAL alone. In addition to AB 1180, Assembly Bill 1052 (AB 1052) is another crypto bill. Assemblymember Jesse Gabriel introduced the bill. The main purpose is to defend those who use digital assets for their own purposes and to sustain their right to keep private keys. On the 23rd of May, AB 1052 received an 11-0 vote by the Assembly committee. After this, the law will wait for another debate before it can move on. The ban would take effect once AB 1052 is approved, stopping government…
Filed under: News - @ June 5, 2025 2:19 am