California may allow state departments to accept cryptocurrency for certain payments.
A new bill, Assembly Bill 1180 (AB 1180), has passed the State Assembly with full support, 68 votes in favor, none against, and advances to the Senate for review.
The bill would require the Department of Financial Protection and Innovation (DFPI) to create rules that let people use crypto to pay fees and other charges under the state’s Digital Financial Assets Law.
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This law already sets the basic framework for how digital assets are handled in California, and the DFPI is in charge of making sure financial services operate fairly and safely.
If the Senate also approves AB 1180 and Governor Gavin Newsom signs it, the new rules would take effect starting July 1, 2026. A pilot program would be rolled out and tested through January 1, 2031, according to Democratic Assembly member Avelino Valencia, the bill’s sponsor.
During this time, the DFPI would monitor how the system works and report back with updates and any problems they encounter. That report is expected by January 1, 2028, and would include transaction data and any technical or legal issues.
Only those licensed by the DFPI would be allowed to process crypto transactions within this system.
On June 2, crypto industry groups urged US lawmakers to pass the stablecoin bill, the GENIUS Act, without unrelated add-ons. What did they say? Read the full story.
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