On June 2, the California State Assembly unanimously passed Assembly Bill 1180, which now moves to the California Senate for consideration. The bill would require the Department of Financial Protection and Innovation (DFPI) to adopt regulations permitting payments required under the California Digital Financial Assets Law (DFAL) to be made using digital assets. If enacted, the law would take effect on July 1, 2026.

The DFAL currently prohibits companies from engaging in digital financial asset business activity with California residents without a license from the DFPI. In addition to directing the DFPI to implement crypto payment acceptance, the bill would require the DFPI to submit a report to the Legislature by January 1, 2028. The report must include the number and value of cryptocurre

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