California Incorporates ‘Bitcoin Rights’ into Digital Assets Bill

In the state of California, USA, a revised bill on money transfers has been introduced, featuring amendments that ensure the protection of cryptocurrency owners’ rights.

The document, presented on February 20, 2025, has been renamed “Digital Assets.” The author of the amendments, Democrat Avelino Valencia, included provisions for self-custodial storage and the legalization of cryptocurrencies as a means of payment.

We are proud to officially announce that ‘Bitcoin Rights’ has been introduced in the California Assembly by the Chair of Banking and Finance — Assemblyman Valencia.

Once passed, nearly 40 million Americans will have their right to self-custody protected!

The bill also creates… pic.twitter.com/zvLwCM46je

— Satoshi Action Fund (@SatoshiActFund) March 29, 2025

“California sets the standards for the entire country. If Bitcoin rights are established here, it is possible in other states,” stated Satoshi Action Fund Director Dennis Porter.

According to him, if the bill is passed, nearly 40 million residents of the state will be able to freely use digital assets for private transactions.

The amendments also prohibit discrimination against cryptocurrencies by government bodies and impose restrictions on public officials: they will be banned from promoting or using digital assets in situations that cause conflicts of interest.

At the time of writing, the document is at the initial stage of consideration. Meanwhile, 95 cryptocurrency-related bills are already in effect across 35 states.

Back in March 6, U.S. President Donald Trump signed an order to create a Strategic Bitcoin Reserve (SBR).

On March 14, Republican Byron Donalds announced his intention to introduce a bill aimed at protecting the SBR from potential cancellation by a future head of state.

Meanwhile, a survey by Data For Progress revealed that 51% of voters do not support the implementation of the crypto reserve.