California’s Bold Move: Bitcoin Rights Bill Shields 40M Americans’ Digital Freedom

California’s Assembly has started legislative proceedings concerning cryptocurrency regulations with the submission of AB-1052, also known as the “Bitcoin Rights” bill. This proposal was introduced by Assemblymember Juan Carrillo Valencia, who chairs the Banking and Finance Committee, and aims to establish legal status for individuals holding their own digital assets (self-custody). The bill’s introduction was announced publicly on March 29 through a statement shared by the nonprofit Satoshi Action Fund on the social media platform X.