🚀 California Pushes for Bitcoin Rights with New Bill

California lawmakers have introduced a bold new bill aimed at securing Bitcoin rights for residents. If passed, the legislation would grant Californians the right to own and store Bitcoin without government interference while also banning taxes and restrictions on crypto payments.

🔥 What’s in the Bill?

The proposed law, officially titled "Digital Assets," includes several major provisions:

• Self-custody rights – Californians can store Bitcoin and other digital assets without fear of government intervention.
• No crypto payment restrictions – The state cannot tax or impose limits on transactions made with cryptocurrencies.
• Regulation of unclaimed digital assets – These must be held only by licensed custodial services.
• Ban on government-sponsored digital assets – Officials are prohibited from promoting, issuing, or sponsoring digital assets to prevent political influence over emerging financial technologies.

Dennis Porter, co-founder of the Satoshi Action Fund, praised the move:
“Once the Bitcoin Rights Bill takes effect, nearly 40 million Americans will have the right to self-custody their crypto. This is a game-changer for digital asset protection and property rights.”

📜 The Bigger Picture

California isn’t the first state to embrace crypto-friendly policies. Last week, Kentucky Governor Andy Beshear signed a law exempting Bitcoin miners from licensing and confirming that staking is not a securities offering.

Meanwhile, a new version of California’s money transmission law is in the works, introducing extra safeguards for crypto owners.

Dennis Porter emphasized the national impact of the California bill:
“California sets the tone for the entire country. If Bitcoin rights are approved here, it could spark similar legislation in other states.”

The bill also prohibits discrimination against crypto by government agencies and prevents officials from using digital assets in situations that could create conflicts of interest.

🇺🇸 Federal Crypto Developments

California’s bill comes amid major crypto-related moves at the federal level:

• March 6 – President Donald Trump signed an executive order establishing the Strategic Bitcoin Reserve (SBR).
• March 14 – Republican Byron Donalds proposed a bill to protect the SBR from future presidents overturning it.
• A recent Data For Progress poll revealed 51% of voters oppose the creation of a Bitcoin reserve.

With 95 crypto-related laws already active across 35 states, the Bitcoin battle is heating up in the U.S.

📌 TL;DR: California lawmakers are pushing a Bitcoin Rights Bill to protect self-custody, ban crypto taxes, and prevent government interference. If passed, it could set a precedent for other states. Meanwhile, federal crypto policies are gaining momentum, with Trump backing a Strategic Bitcoin Reserve. 🚀