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.