California Bill to Legalize Bitcoin Awaits Signing By Governor
June 26, 2024
By: Kevin Xu
California Assembly Bill 129 will make digital currencies, which include Bitcoin, Dogecoin, and others, legal in the state of California.
California Governor Edmund Brown must sign for the bill to pass.
An archaic Corporation law called Section 107 barred the usage of forms of money not considered legal US tender. Bill 129 would confirm digital currencies as legitimate and ultimately help foster digital currency businesses that have cropped up in California.
