Get your tickets for the 2023 Coin Center Annual Dinner – April 26 in Austin, TX

The California bill fight is over.

Faced with overwhelming opposition ahead of a Senate banking committee hearing on Monday, and with some in the state government unwilling to compromise, the bill’s sponsor, Assemblymember Matt Dababneh, on Friday afternoon decided to drop the bill and it won’t be considered again this year.

Faced with overwhelming opposition ahead of a Senate banking committee hearing on Monday, and with some in the state government unwilling to compromise, the bill’s sponsor, Assemblymember Matt Dababneh, on Friday afternoon decided to drop the bill and it won’t be considered again this year. Although constrained by different interests within and without government, Dababneh’s intent has always been to bring regulatory clarity for digital currency businesses in California while remaining a state welcoming to entrepreneurs and encouraging of innovation. If he takes the issue up again next year, we’ll be happy to work with him again to get it right.