{"id":22547,"date":"2025-03-31T09:51:35","date_gmt":"2025-03-31T06:51:35","guid":{"rendered":"https:\/\/forklog.com\/en\/california-incorporates-bitcoin-rights-into-digital-assets-bill\/"},"modified":"2025-03-31T09:51:35","modified_gmt":"2025-03-31T06:51:35","slug":"california-incorporates-bitcoin-rights-into-digital-assets-bill","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/california-incorporates-bitcoin-rights-into-digital-assets-bill\/","title":{"rendered":"California Incorporates &#8216;Bitcoin Rights&#8217; into Digital Assets Bill"},"content":{"rendered":"<p>In the state of California, USA, a <a href=\"https:\/\/leginfo.legislature.ca.gov\/faces\/billNavClient.xhtml?bill_id=202520260AB1052\">revised<\/a> bill on money transfers has been introduced, featuring amendments that ensure the protection of cryptocurrency owners&#8217; rights.<\/p>\n<p>The document, presented on February 20, 2025, has been renamed &#8220;Digital Assets.&#8221; The author of the amendments, Democrat Avelino Valencia, included provisions for self-custodial storage and the legalization of cryptocurrencies as a means of payment.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are proud to officially announce that \u2018Bitcoin Rights\u2019 has been introduced in the California Assembly by the Chair of Banking and Finance \u2014 Assemblyman Valencia. <\/p>\n<p>Once passed, nearly 40 million Americans will have their right to self-custody protected!<\/p>\n<p>The bill also creates\u2026 <a href=\"https:\/\/t.co\/zvLwCM46je\">pic.twitter.com\/zvLwCM46je<\/a><\/p>\n<p>\u2014 Satoshi Action Fund (@SatoshiActFund) <a href=\"https:\/\/twitter.com\/SatoshiActFund\/status\/1906090146333966626?ref_src=twsrc%5Etfw\">March 29, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;California sets the standards for the entire country. If Bitcoin rights are established here, it is possible in other states,&#8221; stated Satoshi Action Fund Director Dennis Porter.<\/em><\/p>\n<\/blockquote>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"731\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-03-31-091814-1024x731.png\" alt=\"Snimok-ekrana-2025-03-31-091814\" class=\"wp-image-255245\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-03-31-091814-1024x731.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-03-31-091814-300x214.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-03-31-091814-768x548.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-03-31-091814.png 1130w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/bitcoinlaws.io\/\">Bitcoin Laws<\/a>.<\/figcaption><\/figure>\n<p>Back in March 6, U.S. President Donald Trump <a href=\"https:\/\/forklog.com\/en\/news\/trump-establishes-u-s-strategic-bitcoin-reserve\">signed an order<\/a> to create a Strategic Bitcoin Reserve (SBR).<\/p>\n<p>On March 14, Republican Byron Donalds <a href=\"https:\/\/forklog.com\/en\/news\/us-lawmakers-to-introduce-bill-safeguarding-bitcoin-reserve\">announced<\/a> his intention to introduce a bill aimed at protecting the SBR from potential cancellation by a future head of state.<\/p>\n<p>Meanwhile, a survey by <a href=\"https:\/\/www.dataforprogress.org\/blog\/2025\/3\/14\/a-majority-of-voters-oppose-a-crypto-strategic-reserve\">Data For Progress<\/a> revealed that 51% of voters <a href=\"https:\/\/forklog.com\/en\/news\/majority-of-us-voters-oppose-crypto-reserve-initiative\">do not support<\/a> the implementation of the crypto reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the state of California, USA, a revised bill on money transfers has been introduced, featuring amendments that ensure the protection of cryptocurrency owners&#8217; rights. The document, presented on February 20, 2025, has been renamed &#8220;Digital Assets.&#8221; The author of the amendments, Democrat Avelino Valencia, included provisions for self-custodial storage and the legalization of cryptocurrencies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,26],"class_list":["post-22547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22547"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22546"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}