California passes AB-1052: Protecting the rights of Bitcoin and digital asset users.

California, USA has recently passed a landmark digital asset protection bill AB-1052 (formerly known as the Money Transmission Act), providing unprecedented legal protection for approximately 40 million residents and cryptocurrency users in the state.

This bill, led by Avelino Valencia, the chair of the California Assembly Banking and Finance Committee, explicitly recognizes the right to self-custody of digital assets such as Bitcoin, ensuring that individuals can manage their crypto assets independently without government interference.

The bill also specifically stipulates that public institutions shall not impose additional taxes or restrictions on digital asset holders solely due to trading activities, and this provision is regarded as an important affirmation of the fundamental rights of cryptocurrency users.

The introduction of this bill comes at a time when states across the U.S. are accelerating their layout of digital asset regulation. Data shows that 35 states have proposed 95 bills related to Bitcoin, of which 36 focus on strategic planning to incorporate Bitcoin into state reserves.

Among them, the Bitcoin Reserve Bill (SBR) in Arizona is progressing the fastest, having completed the first committee stage review and submitted to the second chamber; states like Texas and Oklahoma are also actively advancing similar legislation. This shift in policy direction reflects a significant change in the attitude of local governments in the United States towards digital assets.

In addition, the AB-1052 bill includes several innovative provisions, such as requiring licensed custodians to properly handle unclaimed digital assets and prohibiting public officials from participating in digital asset transactions or promotional activities to prevent conflicts of interest.

These terms protect the rights of ordinary investors and also regulate the code of conduct for government officials. The bill is currently in the "desktop process" stage and is expected to establish the first state-level digital asset protection framework in the United States for California's 40 million residents.

In summary, this legislative process will not only affect the cryptocurrency ecosystem in California but may also provide important references for regulatory policies in other states.

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#比特币 # digital assets #California Bill