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California’s Assembly has initiated legislative action on cryptocurrency governance with the filing of AB-1052, referred to as the “Bitcoin Rights” bill. Introduced by Assemblymember Juan Carrillo Valencia, who presides over the Banking and Finance Committee, the measure targets legal recognition for digital asset self-custody. Public confirmation of the bill’s introduction came on March 29 through a statement posted by the nonprofit Satoshi Action Fund on the social media platform X. We are proud to officially announce that ‘Bitcoin Rights’ has been introduced in the California Assembly by the Chair of Banking and Finance – Assemblyman Valencia. Once passed, nearly 40 million Americans will have their right to self-custody protected! “The bill also creates legal frameworks for how to manage ‘unclaimed property’ for digital assets which we fully endorse,” the group noted. Satoshi Action Fund is a nonprofit advocacy organization focused on advancing pro-bitcoin and digital asset legislation at the state and federal levels. The group collaborates with lawmakers, regulators, and industry leaders to promote financial freedom, property rights, and innovation through model policy initiatives. The bill, AB-1052, outlines several provisions intended to strengthen protections for digital asset users. It explicitly affirms the right to self-custody bitcoin and other digital assets, while barring public agencies from imposing taxes or restrictions solely based on asset use in payments. A separate section of the bill establishes a legal process for handling unclaimed digital property, ensuring such assets are secured by licensed custodians instead of being left in administrative uncertainty. Additionally, the proposed legislation seeks to modify the Political Reform Act of 1974 to prohibit public officials from issuing, sponsoring, or promoting any digital asset, security, or commodity—an effort to separate political influence from emerging financial technologies. Supporters of the bill say it sets a crucial precedent in defending property rights in the digital economy. Dennis Porter, CEO and co-founder of Satoshi Action Fund, underscored the importance of the bill’s passage, stating: This is an important step forward for bitcoin and digital asset rights. We must ensure that innovative technologies remain accessible to individuals. Advocates suggest the bill could serve as a legislative template for other jurisdictions. They assert that California’s adoption of AB-1052 may catalyze national conversations around regulatory infrastructure and prompt other states to pursue comparable measures. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。

The California State Assembly officially submitted the AB-1052 bill, which clarifies the self-custody rights of Bitcoin and other digital assets, prohibits public institutions from imposing payment restrictions, and prohibits public officials from issuing, sponsoring or promoting

California legislator introduces 'Bitcoin Rights' bill to safeguard digital asset custody California's Assembly has begun legislating on cryptocurrency issues by introducing AB-1052, referred to as the "Bitcoin Rights" bill, according to

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