California moves to allow banks to offer BTC services, Dennis Porter notes

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California moves to allow banks to offer BTC services, Dennis Porter notes — California Assembly clears BTC custody bill

Dennis Porter reports that a bill introduced by Chair AsmValencia, allowing banks in California to custody BTC and provide digital asset services, has passed in the California Assembly with near unanimous support.

If enacted into law, the measure could give 39 million Californians access to BTC through their local banks, positioning California as a leader among U.S. states in digital asset adoption.

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Porter has previously recognized the first anniversary of the strategic bitcoin reserve bill. He also noted rising pessimism around Bitcoin in connection with economic concerns and the role of artificial intelligence. The new California bill marks a further development in the state's digital asset policies.

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