California's AB 39: proposed bitlicense bill that would cap dollars you can convert to bitcoin business (50k) without license, after 1/1/2025, prohibits digital asset business activity, requiring r...

We've defeated bills with essentially this same text four times before in previous years when the now disgraced anti-bitcoiner Dababneh was a California Assemblymember. But now there are others introducing the same language we defeated years ago.

This bill, AB 39, was introduced by Assembly Member Grayson (Principal coauthor: Assembly Member Petrie-Norris), (Principal coauthor: Senator Limón). In addition to pressure on legislators to oppose it, if you are in Grayson's district you will need to ask Grayson directly to drop and withdraw the bill.

Thank you.