๐ Exciting news for Bitcoin enthusiasts! California is making waves with the introduction of AB-1052, a bill aimed at safeguarding the rights of cryptocurrency users. Led by Democrat Avelino Valencia, this legislation focuses on protecting your ability to self-custody Bitcoin and other digital assets, ensuring you can manage your digital property without government interference. ๐ก๏ธ
AB-1052 also prevents public agencies from imposing taxes or restrictions solely based on digital asset transactions. Plus, it ensures unclaimed digital property is securely managed by licensed custodians. ๐
With California's 40 million residents potentially benefiting, this bill could set a precedent for other states. Keep an eye on this space as Bitcoin continues to gain traction across the US! ๐
