New legislation in California has been signed to increase restrictions related to the operations of cryptocurrencies by public officials. The bill, known as Assembly Bill 2409, was signed by Governor Gavin Newsom on September 27. The law aims to impose restrictions on memecoins issued by public officials in California. They
Crypto officials have reacted to the recent 5% tax proposed on billionaires’ wealth in California and stated that it would lead to a large-scale exit of money from the country and withdrawal of entrepreneurs. They further argued that the proposed tax would be wasted anyway. According to the 2026 Billionaire
The lower house of California has passed a bill that allows state departments to accept virtual currencies. Now, the bill, having a unanimous vote, is moved towards the Senate, marking a milestone for the industry. On June 2, the Assembly Bill 1180 (AB 1180) was passed through the California State
California has taken legislative steps to protect digital asset rights, introducing a bill that supports self-custody, blocks discrimination on crypto usage, and addresses unclaimed property in the digital space. The bill, titled AB-1052, seeks to establish a legal foundation for digital assets in the state, with provisions that could affect
A California resident, Ken Liem, has filed a lawsuit against three Asian banks for failing to prevent a cryptocurrency scam that cost him nearly $1 million. The legal filing in a California district court on December 31, 2024, alleges negligence and lack of due diligence by the banks. Liem became
Robinhood Crypto LLC, a subsidiary of Robinhood Markets, has reached a $3.9M settlement with California’s Justice Department. The settlement follows allegations that the platform prevented customers from crypto withdrawal from their accounts between 2018 and 2022, violating state laws. California Attorney General, Rob Bonta accused Robinhood of breaching state commodities
Ripple Labs, a subsidiary of Ripple, witnesses a securities case filed against the company in California. The new lawsuit targets Ripple CEO, Brad Garlinghouse alleging him of ‘misleading statements’ in a 2017 interview regarding XRP’s designation as a security. The cryptocurrency firm recently celebrated a partial win against the SEC
The current critical crisis of FTX crypto exchange is creating a significant impact on the whole crypto market. It is becoming the hottest story in the town, affecting large users and the investors. In addition, prices fell dramatically for all the cryptocurrencies. As the situation worsens day by day, the
Anonymous or outside contributions will not be allowed under the new restrictions. All political campaigns must also have adequate KYC procedures. As a result of a decision by California lawmakers, the state’s restriction on crypto contributions to state and local politicians has been lifted. Donations of any size (within the
California ranked to be the most crypto-ready US State. Unique Crypto related measures has been implemented. Installation of BTC and Cryptocurrency ATM’s in the state. California is one of the top states of the United States of America which is on recent trend for its fast crypto adoption services. The
