Source: Bitcoin.com
“California’s Assembly has initiated legislative action on cryptocurrency governance with the filing of AB-1052, referred to as the ‘Bitcoin Rights’ bill. Introduced by Assemblymember Juan Carrillo Valencia, who presides over the Banking and Finance Committee, the measure targets legal recognition for digital asset self-custody. Public confirmation of the bill’s introduction came on March 29 through a statement posted by the nonprofit Satoshi Action Fund on the social media platform X. … The bill, AB-1052, outlines several provisions intended to strengthen protections for digital asset users. It explicitly affirms the right to self-custody bitcoin and other digital assets, while barring public agencies from imposing taxes or restrictions solely based on asset use in payments. A separate section of the bill establishes a legal process for handling unclaimed digital property, ensuring such assets are secured by licensed custodians instead of being left in administrative uncertainty.” (03/30/25)