CACaliforniaLawAB 39

Digital Financial Assets Law

Requires businesses engaged in digital financial asset activity with California residents to obtain a license from the Department of Financial Protection and Innovation.

Where it stands

In forceIntroducedCommitteeFloorLaw

Licensing requirement took effectJul 12 months ago

Body: California Legislature
Session: 2023-2024
Introduced: Dec 5, 2022
In effect since: Jul 12 months ago
Votes: Assembly 70-1, Senate 33-2, Assembly concurrence 75-0
Sponsors: D (Democrat)Democrat

Official page Source: California DFPI, Digital Financial Assets page, and leginfo

Timeline

Jul 1 2 months ago
Licensing requirement took effect
Sep 29, 2024 1 year ago
AB 1934 signed, extending the licensing deadline to July 1, 2026
Oct 13, 2023 2 years ago
Signed by the governor; Chapter 792, Statutes of 2023
Sep 12, 2023 3 years ago
Passed Senate (33-2)
May 25, 2023 3 years ago
Passed Assembly (70-1)
Dec 5, 2022 3 years ago
Introduced

Sponsors

D (Democrat)Assemblymember Grayson