California lawmakers submit Bitcoin Bill of Rights to provide legal protection for digital asset users

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According to Foresight News, citing Bitcoin.com, Valencia, the Chairman of the US Bank and Financial Department, submitted the AB-1052 "Bitcoin Rights" bill to the California Assembly. The bill, proposed by Assemblymember Juan Carrillo Valencia, aims to provide 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 for asset payments. 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.

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