republic-os/legislation/us/states/ca/20232024/ab-1934.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Digital financial asset businesses.	Existing law, the Digital Financial Assets Law, prohibits, on or after July 1, 2025, a person from engaging in digital financial asset business activity, or holding itself out as being able to engage in digital financial asset business activity, with, or on behalf of, a resident, unless any of certain criteria are met, including that the person is licensed with the Department of Financial Protection and Innovation, as prescribed, or the person submits an application on or before July 1, 2025, and is awaiting approval or denial of that application. Existing law defines "digital financial asset" for these purposes to mean a digital representation of value that is used as a medium of exchange, unit of account, or store of value, and that is not legal tender, whether or not denominated in legal tender, except as specified. Existing law also defines "covered person" to mean a person required to obtain a license under these provisions.	us/states/ca	California Legislature	20232024	AB 1934	California AB 1934 (20232024)	bill	Digital financial asset businesses	enacted	Grayson	5	20	7	2024-01-25	2024-09-29	openstates	ocd-bill/d6f13e16-4f4e-4e00-93ec-8c8d192566ba	http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240AB1934	d1cdb7b552b662e8baa9ab174196edc0f53fb8bf55674dcefaa0188aa76893d5	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-ca

California AB 1934 (20232024) — Digital financial asset businesses.

Existing law, the Digital Financial Assets Law, prohibits, on or after July 1, 2025, a person from engaging in digital financial asset business activity, or holding itself out as being able to engage in digital financial asset business activity, with, or on behalf of, a resident, unless any of certain criteria are met, including that the person is licensed with the Department of Financial Protection and Innovation, as prescribed, or the person submits an application on or before July 1, 2025, and is awaiting approval or denial of that application. Existing law defines "digital financial asset" for these purposes to mean a digital representation of value that is used as a medium of exchange, unit of account, or store of value, and that is not legal tender, whether or not denominated in legal tender, except as specified. Existing law also defines "covered person" to mean a person required to obtain a license under these provisions.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. 01/25/24 - Introduced (filed) — source
2. 05/23/24 - Amended Senate (committee substitute) — source
3. 09/29/24 - Chaptered (committee substitute) — source
4. AB1934 (committee substitute) — source
5. 08/19/24 - Enrolled (enrolled) — source

Votes

• AB 1934 Grayson Concurrence in Senate Amendments — 75–0 (pass) · lower
• AB 1934 Grayson Consent Calendar Second Day — 72–0 (pass) · lower
• Do pass, but first be re-referred to the Committee on [Appropriations] with the recommendation: To Consent Calendar — 11–0 (pass) · upper
• Do pass. To Consent Calendar. — 14–0 (pass) · lower
• Consent Calendar 2nd — 38–0 (pass) · upper
• Do pass and be re-referred to the Committee on [Appropriations] with recommendation: To Consent Calendar — 8–0 (pass) · lower
• Do pass, but first be re-referred to the Committee on [Judiciary] — 6–0 (pass) · upper

Sponsors

• Grayson — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2024-01-25 Read first time. To print. reading-1
• 2024-01-26 From printer. May be heard in committee February 25.
• 2024-02-05 Referred to Com. on B. & F. referral-committee
• 2024-04-02 From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 8. Noes 0.) (April 1). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
• 2024-04-10 From committee: Do pass. To Consent Calendar. (Ayes 14. Noes 0.) (April 10). committee-passage, committee-passage-favorable
• 2024-04-11 Read second time. Ordered to Consent Calendar. reading-1, reading-2
• 2024-04-18 Read third time. Passed. Ordered to the Senate. (Ayes 72. Noes 0.) passage, reading-1, reading-3
• 2024-04-18 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
• 2024-05-01 Referred to Coms. on B. & F.I. and JUD. referral-committee
• 2024-05-23 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.I. amendment-introduction, amendment-passage, reading-1, reading-2, referral-committee
• 2024-06-20 From committee: Do pass and re-refer to Com. on JUD. (Ayes 6. Noes 0.) (June 19). Re-referred to Com. on JUD. committee-passage, committee-passage-favorable, referral-committee
• 2024-07-03 From committee: Do pass and re-refer to Com. on APPR with recommendation: To Consent Calendar. (Ayes 11. Noes 0.) (July 2). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
• 2024-08-05 From committee: Be ordered to second reading file pursuant to Senate Rule 28.8 and ordered to Consent Calendar. committee-passage, reading-2
• 2024-08-06 Read second time. Ordered to Consent Calendar. reading-1, reading-2
• 2024-08-12 Read third time. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 5043.). passage, reading-1, reading-3
• 2024-08-12 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 14 pursuant to Assembly Rule 77.
• 2024-08-15 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 75. Noes 0. Page 6317.). amendment-passage, committee-passage-favorable
• 2024-08-23 Enrolled and presented to the Governor at 4 p.m.
• 2024-09-29 Approved by the Governor. executive-signature
• 2024-09-29 Chaptered by Secretary of State - Chapter 945, Statutes of 2024. became-law

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/d6f13e16-4f4e-4e00-93ec-8c8d192566ba. Confidence: reported (aggregated from official California legislature records).