Mars Finance News, on March 31, according to Bitcoin.com, the California Assembly officially submitted the AB-1052 "Bit Rights" bill. The bill was proposed by Juan Carrillo Valencia, chair of the California Banking and Financial Committee, aimed at providing legal protection for digital asset users, including clarifying the self-custody rights of Bit and other digital assets, and prohibiting public institutions from imposing taxes or restrictions on assets used for payment. Additionally, the bill establishes a legal framework for managing "unclaimed digital assets", ensuring such assets are properly maintained by licensed custodial institutions and avoiding uncertainty in administrative management. The bill seeks to amend the 1974 Political Reform Act, prohibiting public officials from issuing, sponsoring, or promoting any digital assets, securities, or commodities to prevent political influences from interfering with the development of emerging financial technologies. The Satoshi Action Fund stated that once passed, the bill will provide digital asset rights protection for nearly 40 million California residents and may serve as a template for similar legislation in other regions.