State may let crypto firms pay license fees and other charges in stablecoins
The Department of Financial Protection and Innovation may adopt rules letting applicants and licensees under the Digital Financial Assets Law make certain payments owed to it in stablecoins. Payments tied to enforcement actions are excluded.
Who it affects
Digital financial asset businesses licensed or applying in California
When
This law takes effect on January 1, 2027; the changes described here start on July 1, 2027.
- : Signed into law
- : Law takes effect
- : The changes described here start to apply
- : The option to pay in stablecoins is repealed
Official text
California AB 1180: Department of Financial Protection and Innovation: state payments.
On California Legislative Information. The official text is what counts; read it before you act.
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.