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California Assembly Passes Bitcoin Payment Bill in Unanimous Vote

  • California Assembly unanimously passes Bitcoin payment bill presented by Assemblymember Avelino Valencia.
  • The bill establishes a pilot program allowing the Department of Financial Protection and Innovation to accept digital financial assets for fee payments.
  • Assemblymember Valencia called the initiative a first-of-its-kind and expressed excitement about integrating this technology into society.
  • The bill now advances to the State Senate, aiming to make California part of the jurisdictions exploring blockchain integration for public financial infrastructure.

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