USA: California promotes law that protects the right to cryptocurrency self -ocustody

The assembly approves with bipartisan support the bill AB 1052, which recognizes the legal use of digital assets and prohibits self -ocustody restrictions.

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• The initiative seeks to prevent public entities from limiting the use of autocustodyia wallets.
• It prohibits special taxes on payments with cryptoactive.
• You must still pass vote in the Senate and the governor’s signature.

The State of California has taken a firm step towards the protection of the rights of cryptocurrency users. Yesterday, the Assembly state approved bipartisan support the bill AB 1052, also known as the “Digital Assets Law “, which legally recognizes the use of cryptocurrencies and guarantees the right to self -ustody.

Presented in February by the Democratic Assemblyman Avelino Valencia, the project was modified at the end of March to include more specific provisions on self -opposite Wallets. Its objective is clear: shield individual control over digital assets against possible regulations or restrictions by public entities, indicates the medium Cryptopotate.

Right to use and safeguard digital assets

The heart of the legislation revolves around the principle of financial sovereignty. According to the project text, Individuals and companies are authorized to accept digital assets as a means of payment, considering them valid in private transactions within the State.

Moreover, it is explicitly established that no public entity can “Prohibit, restrict or impose requirements on the use of hardware or a self -limited Wallet to control digital financial assets”. This clause seeks to prevent local governments or state agencies from hindering the use of self -ocustody solutions, such as cold purses or decentralized applications.

Likewise, the law blocks the possibility of imposing special taxes that apply only payments made with cryptocurrencies, thus reinforcing its equal treatment against traditional money.

The proposal also highlights that its provisions apply at the state level, that is, no municipality or city can establish regulations that contradict this law.

However, the legislative path has not yet concluded. After approval in the Banking and Finance Committee of the Assembly, AB 1052 He now addresses the plenary of the Assembly For a general vote. If you get the required majority, it will go to Senate state, where he will face a similar process of committees and votes.

Since it modifies the California Political Reform Law and other legal codes such as Civil Procedure and the Financial Code, The proposal needs a two -thirds qualified majority in both cameras for final approval.

THE CONTEXT: PRO-BITCOIN legislation boom in the US

The Californian measure is part of a national tendency towards greater institutional adoption of Bitcoin and other digital assets. According to the public policy tracker “State Reserve Race” of Bitcoin Law, At least 46 bills linked to BTC strategic reserves have been introduced in 26 states.

Arizona currently leads this movement, with two proposals in final voting stages. They are followed by New Hampshire and Texas, where similar laws could also be approved in the coming weeks.

This impulse coincides with a growing global demand for assets considered as value shelters, such as Bitcoin. The cryptocurrency reached today the USD $ 93,000 per unit, driven by an increase in capital exit from US shares and the dollar.

The California initiative could mark an important precedent for other jurisdictions, both in the United States and internationally. If you can overcome the complex legislative process and become law, it would consolidate the right of citizens to control their private keys and make payments in cryptoactive without government intervention.

In addition, I would send a strong message to federal regulators, showing that states can act as legal innovation laboratories in the financial field. Although there is still a way to go, the approval of AB 1052 In committee it represents a significant advance for the crypto community in the US.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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