{"id":39352,"date":"2025-03-31T13:00:15","date_gmt":"2025-03-31T10:00:15","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=39352"},"modified":"2025-03-31T12:34:54","modified_gmt":"2025-03-31T09:34:54","slug":"bitcoin-rights-act-on-the-agenda-in-california","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-rights-act-on-the-agenda-in-california\/","title":{"rendered":"Bitcoin Rights Act on the Agenda in California!"},"content":{"rendered":"<p class=\"\" data-start=\"2830\" data-end=\"3127\">California lawmaker <strong data-start=\"2850\" data-end=\"2879\">Democrat Avelino Valencia<\/strong> has introduced amendments to the <strong data-start=\"2913\" data-end=\"2939\">Money Transmission Act<\/strong> to expand protections for Bitcoin and crypto investors. The bill, originally proposed on <strong data-start=\"3029\" data-end=\"3050\">February 20, 2025<\/strong>, was renamed the <strong data-start=\"3068\" data-end=\"3090\">Digital Assets Act<\/strong> after the <strong data-start=\"3101\" data-end=\"3124\">March 28 amendments<\/strong>.<\/p>\n<p class=\"\" data-start=\"3129\" data-end=\"3429\">Satoshi Action Fund CEO <strong data-start=\"3153\" data-end=\"3170\">Dennis Porter<\/strong> said, <em>\u201cCalifornia often sets the national blueprint for policy, and if Bitcoin Rights passes here, it can pass anywhere.\u201d<\/em> According to Porter, this legislation will grant nearly <strong data-start=\"3349\" data-end=\"3375\">39.4 million residents<\/strong> the right to <strong data-start=\"3389\" data-end=\"3426\">self-custody their digital assets<\/strong>.<\/p>\n<p data-start=\"3129\" data-end=\"3429\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-152395 size-full\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/03\/bitcoin-12.png\" alt=\"bitcoin\" width=\"924\" height=\"580\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-rights-act-on-the-agenda-in-california\/#Key_Regulations_and_Restrictions\" title=\"Key Regulations and Restrictions\">Key Regulations and Restrictions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-rights-act-on-the-agenda-in-california\/#Bitcoins_Presence_in_California_and_Other_Regulations\" title=\"Bitcoin\u2019s Presence in California and Other Regulations\">Bitcoin\u2019s Presence in California and Other Regulations<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"3431\" data-end=\"3474\"><span class=\"ez-toc-section\" id=\"Key_Regulations_and_Restrictions\"><\/span>Key Regulations and Restrictions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"3476\" data-end=\"3842\">The bill recognizes digital assets as a <strong data-start=\"3516\" data-end=\"3541\">valid form of payment<\/strong> in private transactions, prohibiting public entities from imposing <strong data-start=\"3609\" data-end=\"3645\">additional taxes or restrictions<\/strong> based on their use. Additionally, the bill expands the <strong data-start=\"3701\" data-end=\"3730\">1974 Political Reform Act<\/strong>, preventing public officials from engaging in <strong data-start=\"3777\" data-end=\"3814\">conflict-of-interest transactions<\/strong> involving digital assets.<\/p>\n<hr \/>\n<p data-start=\"3844\" data-end=\"3921\"><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p class=\"\" data-start=\"3844\" data-end=\"3921\">The bill is currently in the \u201cdesk process\u201d and awaiting its first reading.<\/p>\n<h2 data-start=\"3923\" data-end=\"3988\"><span class=\"ez-toc-section\" id=\"Bitcoins_Presence_in_California_and_Other_Regulations\"><\/span>Bitcoin\u2019s Presence in California and Other Regulations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"3990\" data-end=\"4189\">According to BTC Maps data, over <strong data-start=\"4023\" data-end=\"4054\">99 businesses in California<\/strong> currently accept <strong data-start=\"4072\" data-end=\"4083\">Bitcoin<\/strong> payments. <strong data-start=\"4094\" data-end=\"4134\">Ripple Labs, Solana Labs, and Kraken<\/strong> are among the major crypto firms based in the state.<\/p>\n<p class=\"\" data-start=\"4191\" data-end=\"4377\">Additionally, a <strong data-start=\"4207\" data-end=\"4237\">stablecoin regulation bill<\/strong> was introduced on <strong data-start=\"4256\" data-end=\"4276\">February 2, 2025<\/strong>, aiming to clarify stablecoin collateral requirements, liquidation processes, and security audits.<\/p>\n<p class=\"\" data-start=\"4379\" data-end=\"4660\">Across the United States, <strong data-start=\"4405\" data-end=\"4433\">95 Bitcoin-related bills<\/strong> have been introduced at the state level. On <strong data-start=\"4478\" data-end=\"4507\">March 6, the Texas Senate<\/strong> passed a <strong data-start=\"4517\" data-end=\"4551\">Bitcoin strategic reserve bill<\/strong> in a <strong data-start=\"4557\" data-end=\"4570\">25-5 vote<\/strong>. <strong data-start=\"4572\" data-end=\"4657\">Kentucky Governor Andy Beshear signed the Bitcoin Rights Act into law on March 24<\/strong>.<\/p>\n<p class=\"\" data-start=\"4662\" data-end=\"4882\">Earlier this month, <strong data-start=\"4682\" data-end=\"4739\">U.S. President Donald Trump signed an executive order<\/strong> establishing a <strong data-start=\"4755\" data-end=\"4812\">Strategic Bitcoin Reserve and Digital Asset Stockpile<\/strong>, utilizing cryptocurrency confiscated in government criminal cases.<\/p>\n<hr \/>\n<p data-start=\"4662\" data-end=\"4882\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>California lawmaker Democrat Avelino Valencia has introduced amendments to the Money Transmission Act to expand protections for Bitcoin and crypto investors. The bill, originally proposed on February 20, 2025, was renamed the Digital Assets Act after the March 28 amendments. Satoshi Action Fund CEO Dennis Porter said, \u201cCalifornia often sets the national blueprint for policy,<\/p>\n","protected":false},"author":28,"featured_media":38461,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[13725,61,3510,9649,2007,4672,5760,1730,1564,509,13724,319,11525],"class_list":["post-39352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-andy-beshear","tag-bitcoin","tag-bitcoin-payments","tag-bitcoin-reserve","tag-california","tag-crypto-regulations","tag-digital-assets","tag-donald-trump","tag-kraken","tag-ripple","tag-satoshi-action-fund","tag-solana","tag-u-s-crypto-laws"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Rights Act on the Agenda in California! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-rights-act-on-the-agenda-in-california\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Rights Act on the Agenda in California! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"California lawmaker Democrat Avelino Valencia has introduced amendments to the Money Transmission Act to expand protections for Bitcoin and crypto investors. The bill, originally proposed on February 20, 2025, was renamed the Digital Assets Act after the March 28 amendments. 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