Introduced by Assembly member Juan Carrillo Valencia, chair of the Banking and Finance Committee, AB-1052 directly addresses consumers’ right to retain control over their own digital assets. Bitcoin and other digital asset advocates welcomed the explicit affirmation of the right to self-custody of Bitcoin and other digital assets. By ensuring individuals retain full control over their holdings, the bill aligns with the core principles of decentralization and financial sovereignty that Bitcoin was originally designed to uphold.
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