California has moved closer to embracing cryptocurrency with a bill allowing state departments to accept digital currencies passing through the lower house with unanimous support. Assembly Bill 1180 (AB 1180) mandates the Department of Financial Protection and Innovation (DFPI) to develop rules for accepting crypto payments. If signed into law, the bill would be effective from July 1, 2026, with a pilot program running until 2031. California aims to join states like Florida and Colorado in accepting crypto payments. The bill also requires a report on crypto transactions by 2028. AB 1180 complements AB 1052, focusing on crypto self-custody rights. The bill also recognizes digital assets as valid forms of payment and prohibits restrictions or taxes based on their use. With 117 merchants already accepting Bitcoin in California, the state is making strides in crypto adoption. Read more AI-generated news on: https://app.chaingpt.org/news

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