Blog Archives

California And Wyoming Consider New Blockchain And Crypto Token Laws

Posted on 20th February, 2018

As blockchain technology becomes increasingly commonplace, lawmakers at the state level are increasingly examining how their governments should regulate distributed ledger and token-based business activity. Two recently proposed state laws — one in California, and the other in Wyoming — would provide much-needed legal clarity and protections for blockchain-based operations in the U.S., perhaps even […]

California Governor signs law making bitcoin “legal money”

Posted on 28th June, 2014

Earlier this week, the California State Assembly sent Assembly Bill 129, which formally recognizes bitcoin and other digital currencies as legal forms of exchange, to the desk of Governor Jerry Brown. Brown signed the bill into law today, making California the first state to give such recognition and legal protection to bitcoin. Although the law […]

California on the verge of making bitcoin “lawful money”

Posted on 24th June, 2014

Even in a state that is home to many of the best-known bitcoin startups in the world, digital currency still exists in something of a legal gray area. Transactions not backed by the U.S. dollar have a different legal status under California law, are there are a variety of disincentives and penalties for using alternative […]

New Mexico and California issue virtual currency consumer warnings

Posted on 1st May, 2014

New Mexico and California have joined the chorus of state authorities issuing consumer-oriented warnings about virtual currencies. The New Mexico Taxation and Revenue Department (TRD) and the California Department of Business Oversight (DBO) released similar consumer advisories, citing the virtual currency’s price volatility, the possibility of scams, and lack of legal tender protections. Similar warnings […]

Bitcoin cited in California state senator Leland Yee corruption case

Posted on 27th March, 2014

California State Sen. Leland Yee was arrested yesterday on charges of public corruption, soliciting funds from undercover FBI agents in exchange for promises to aid in a gun-trafficking deal that would have illegally armed Muslim rebels in the Philippines. Yee was one of 26 people charged in the the five-year-long investigation, as was accused murder-for-hire […]