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Letter of Support for AB 1326 to California State Senate

The updated bill would create a smart licensing regime for virtual currency businesses in the state.

Update - August 9, 2016: This bill has been updated with new language that we do not support. For a more recent analysis please see New California digital currency bill is a step backwards

Coin Center submitted this letter of support to the California State Senate for AB 1326. The updated bill, released on July 7, 2015, includes many of the suggestions which Coin Center and the digital currency community has called for in its comments. Coin Center welcomes these developments, which would create a smart licensing regime for digital currency businesses in the state.

A direct download of this letter is available here

Based in Washington, D.C., Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum. Our mission is to build a better understanding of these technologies and to promote a regulatory climate that preserves the freedom to innovate using permisionless blockchain technologies.