On June 4, the California Assembly unanimously approved bill AB 1180, enabling the state to accept Bitcoin and digital assets for payments. The bill is now under state Senate review.
AB 1180 mandates a report on cryptocurrency transactions by January 1, 2028, and establishes a licensing framework for digital financial assets through the Department of Financial Protection and Innovation.
Avelino Valencia, who introduced the bill, emphasized its importance in modernizing financial transactions, and Bitcoin supporter Dennis Porter sees it as a significant stride toward government acceptance of cryptocurrencies.
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