The bill has seen contention online, but Satoshi Action Fund’s Eric Peterson says it updates the state’s unclaimed property laws so crypto doesn’t get liquidated.
California News
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The California State Assembly passed a bill that would allow state agencies to accept crypto for payment in a unanimous 68-0 vote, which will now head to the Senate.
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California Democrat Avelino Valencia has amended a money transmission bill to make Bitcoin and crypto rights a major focus, potentially benefitting the state’s 39.4 million residents.
13995 - Explained
California’s DFPI crypto scam tracker lets users identify scams early and helps safeguard crypto assets from fraudulent activities.
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With the pending conclusion of the criminal case, the SEC could now move forward with civil litigation after a judge signed off on staying the lawsuit in January 2021.
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California’s Department of Justice says it took down 42 crypto scam websites in 2024 that haad stolen $6.5 million from users.
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US officials have seized $31 million worth of crypto linked to a 2021 hack of Uranium Finance, a now-defunct DeFi platform on BNB Chain.
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California has the largest investment in Strategy stock with more than $150 million held in state retirement funds, says Bitcoin analyst Julian Fahrer.
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The VC firms sued in a California case were active in DAO management, much like general partners, said the court. They could face hefty lawsuits.
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A16z Crypto’s Miles Jennings posted on X that the ruling is a “huge blow” to decentralized governance.
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Bankrupt and now defunct BlockFi has entered into a settlement agreeing to the license revocation and to cease unsafe practices.
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Federal Judge John A. Mendez blocked a new California law that allowed any person to sue for damages over election deepfakes.
1829 - News
Gavin Newsom vetoed SB 1048, saying that “while well-intentioned,” it could place unnecessary restrictions on emerging AI companies in California.
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Lawyer Dina Blikshteyn explains that many of the AI-related bills being drafted and passed in California may have good intentions but could burden small developers.
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California governor Gavin Newsom signed three bills aimed at battling deepfake election content while on stage at a conference in San Francisco.
2011