Digital Financial Asset Banking Act.
Summary
Starting July 1, 2026, this California bill prohibits any person from engaging in digital financial asset business activities or offering such services to California residents unless they are licensed by the state, have submitted a license application and are awaiting a decision, or qualify for an exemption. The bill applies to companies and individuals conducting digital financial asset business in California and requires compliance with licensing requirements established under state financial regulations.
Sponsor
Last action
(Pending re-refer to Com. on P. & C.P.)
Apr 16, 2026
Topics
Legislative history
Assembly Rule 56 suspended.
(Pending re-refer to Com. on P. & C.P.)
Re-referred to Com. on B. & F.
Referred to Coms. on B. & F. and P. & C.P.
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
From printer. May be heard in committee March 22.
Read first time. To print.