Ah, California—the land of dreams, sunshine, and now… Bitcoin? Indeed, it seems that the golden state is inching ever so closer to a futuristic world where crypto reigns supreme. On June 2, the California State Assembly, in a move that shocked no one (but still managed to draw some raised eyebrows), passed Assembly Bill 1180 (AB 1180) with an unblemished vote of 68-0. That’s right—everyone’s on board! Next stop: the Senate.
Should this bill make it through the Senate and catch the green light from Governor Gavin Newsom, AB 1180 would give state departments the magical power to accept Bitcoin and other digital assets for payments tied to the Digital Financial Assets Law (DFAL). Oh, and don’t rush—it won’t take effect until July 1, 2026, assuming we’re all still living in a crypto-fueled utopia by then.
🇺🇸 JUST IN: California Assembly passes bill to allow the state to receive payments in Bitcoin and digital currencies.
It passed 68-0, and now heads to the Senate.
— Bitcoin Laws (@Bitcoin_Laws) June 3, 2025
It gets even more exciting. The bill mandates California’s Department of Financial Protection and Innovation (DFPI) to whip up a set of rules for crypto payments, because why not? They’ll roll out a pilot program that’ll last until January 1, 2031, so we have plenty of time to get our heads around this brave new world. In 2028, DFPI will release a thrilling report, detailing every crypto transaction and any difficulties they might’ve encountered while dealing with digital money. Can’t wait to read that one!
Oh, and there’s more—AB 1180 isn’t alone. It has a companion in AB 1052, the “Bitcoin rights” bill, which fights for your right to hold crypto without the government breathing down your neck. It already passed the first committee stage with a resounding 11-0 vote. Clearly, everyone loves crypto… until they have to deal with taxes.
As of now, a modest 117 merchants in California are already welcoming Bitcoin with open arms, according to BTC Maps. With 40 million residents in the state, we might be looking at the beginning of something massive. Who knows? Maybe soon we’ll all be paying for our avocado toast with crypto. 🤷♀️
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2025-06-04 09:47