PANews reported on March 31 that according to Bitcoin.com, the California State Assembly recently formally submitted the Bitcoin Rights Act, numbered AB-1052, which aims to provide legal protection for the autonomous custody of digital assets. The bill was proposed by Juan Carrillo Valencia, chairman of the Banking and Finance Committee of the California State Assembly, and was officially announced on the social media platform X by the non-profit organization "Satoshi Action Fund" on March 29.
The AB-1052 bill contains several provisions to protect digital asset users: it explicitly recognizes the right to self-custody of Bitcoin and other digital assets; prohibits government agencies from levying taxes or imposing restrictions solely because assets are used for payment; and establishes a legal processing framework for unclaimed digital assets to ensure that these assets are kept by licensed custodians. In addition, the bill seeks to amend the Political Reform Act of 1974 to prohibit public officials from issuing, sponsoring or promoting any digital assets, securities or commodities to reduce the influence of political factors on emerging financial technologies. Supporters believe that the bill could serve as a legislative template for other jurisdictions. They say that California's passage of the AB-1052 bill could trigger a nationwide discussion on the regulatory framework and prompt other states to take similar measures.
