Crypto Payments to California State Agencies Inch Closer to Reality

The new account was passed Under the California State Assembly, which will mean that state agencies can accept cryptocurrency of payment if it comes to the law.

The voting was unanimous 68-0 and now moves to the Senate where it can be taken further.

The Assembly of the Law 1180 (AB 1180), adopted on June 2, will require the Financial Protection and Innovation Department (DFPI) to further develop rules that will enable state fees and transactions under the Digital Financial Property Act (DFAL) so that they can be used with cryptocurrencies.

DFPI is a regulatory agency that every subject with a crypto business must pass through to achieve a license to work.

The proposal of the law could enter into force as early as July 1, 2026, if Governor Gavin News signs him at the Senate Law.

It could wait longer for him to see him active, although as a sponsor of the law, a member of the Democratic Assembly of Avelino Valencia, he says The pilot program would last until January 1, 2031. Then he could become completely operational.

This is not the first such account. California will be joined by Florida, Colorado and Louisiani, who have been accepted by crypto payments for certain obligations for years.

This account would work together with AB 1052, aka by the Law on “Rights Bitcoin”, which was adopted on May 23 and aims to expose the cryptocurrency for the state.

All this should be allowed to use digital financial assets as a legal form of payment in private transactions without being limited or taxed by public entities.

Currently, 117 merchants accepting the payment of bitcoin in California.

This comes after an enhanced national attention after President Doan’s Trump gave his pledge To support Bitcoin Reserve.

Edited Stacy Elliott.