<ul><li>California's AB-1052, also known as the Money Transmission Act, proposes key protections for Bitcoin and digital asset users.</li><li>The bill affirms the right to self-custody of digital assets, prevents taxes or restrictions based solely on the use of these assets, and ensures secure handling of unclaimed digital property.</li><li>It also extends California's Political Reform Act to prevent public officials from engaging in transactions or promoting digital assets to avoid conflicts of interest.</li><li>The bill is currently awaiting its first reading in the Assembly and, if enacted, will protect the self-custody rights of investors and users in California.</li></ul>

California’s AB-1052 Proposes Key Protections for Bitcoin and Digital Asset Users

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