Joining the Conversation: California DFPI Invites Comments on Digital Financial Assets Law
Troutman Sanders
DECEMBER 4, 2023
The DFAL and Senate Bill 401, signed into law by Governor Gavin Newsom on October 13, 2023, are set to regulate virtual currency activities within California, effective July 1, 2025. In addition, before a stablecoin can be traded, moved, or held in California or by Californians, it must first receive approval from the DFPI’s commissioner.
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