California Moves to Protect Bitcoin Rights in Landmark Bill

California has taken a major step toward securing financial freedom with the inclusion of Bitcoin Rights protections in its newly proposed digital asset bill. If passed, the bill will guarantee nearly 40 million residents the right to self-custody their digital assets without fear of discrimination.

This legislation, supported by Assemblymember Avelino Valencia, brings critical regulatory clarity to Bitcoin users in the state. It explicitly recognizes self-custody, prevents public entities from restricting Bitcoin transactions, and establishes rules for handling unclaimed digital assets. Additionally, it expands the Political Reform Act of 1974 to prohibit public officials from promoting or endorsing specific digital assets.

According to Dennis Porter, CEO of Satoshi Action Fund, this move could set a precedent for other states to follow. “California often sets the national blueprint for policy, and if Bitcoin Rights passes here, it can pass anywhere,” he stated.

The Satoshi Action Fund, a non-profit focused on advancing Bitcoin and digital asset rights, played a key role in shaping the bill. With California leading the charge, the future of Bitcoin rights in the U.S. looks brighter than ever.