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
In committee: Hearing postponed by committee.
May 28, 2026
Topics
Legislative history
In committee: Hearing postponed by committee.
Re-referred to Com. on B. & F. pursuant to Assembly Rule 77.2.
Joint Rule 62(a), file notice suspended.
Read third time and amended. Ordered to third reading.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 15. Noes 0.) (May 14).
In committee: Set, first hearing. Referred to APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 15. Noes 0.) (April 21). Re-referred to Com. on APPR.
From committee: Do pass and re-refer to Com. on P. & C.P. (Ayes 9. Noes 0.) (April 20). Re-referred to Com. on P. & C.P.
Joint Rule 62(a), file notice suspended. (Ayes 54. Noes 16. Page 4716.)
Assembly Rule 56 suspended. (Page 4663.)
(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.