The California State Assembly has unanimously passed Assembly Bill 1180, enabling state agencies to accept cryptocurrency payments. The bill passed with a 68-0 vote and is now headed to the Senate. If signed into law by Governor Gavin Newsom, the bill would become effective on July 1, 2026, following a pilot program until January 1, 2031. The Department of Financial Protection and Innovation (DFPI) would regulate the rules for crypto payments under the Digital Financial Assets Law. The DFPI is tasked with overseeing financial services and ensuring consumer protection. Furthermore, AB 1180 requires the DFPI to report by January 1, 2028, on the crypto transactions processed, along with any technical or regulatory issues encountered. This bill parallels AB 1052, which addresses crypto self-custody rights for California residents and is currently progressing through the legislative process. Should AB 1180 pass, California would join several other states that have already begun accepting cryptocurrency for certain payments.

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