Assembly BillPassed first houseFinancial
AB 2285: Digital Financial Asset Banking Act.
What AB 2285 does, verified July 3, 2026
The Digital Financial Asset Banking Act regulates banks and credit unions providing digital asset custody services, staking services, and digital asset transaction services. It requires financial institutions to disclose certain information to customers and implement financial safety measures. Annual audits of custodial activities and holdings are required, which can be conducted independently or by the financial institution's board of directors. The state will enforce provisions with administrative and civil remedies. No reimbursement is required for certain costs.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
4Second ChamberCurrent
5GovernorPending
6ChapteredPending
Last action: In committee: Set, first hearing. Hearing canceled at the request of author. (2026-06-29)Alert me
Author and sponsors
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| Jun. 29, 2026 | In committee: Set, first hearing. Hearing canceled at the request of author. |
| Jun. 24, 2026 | Referred to Coms. on JUD. and B. & F.I. |
| Jun. 18, 2026 | In Senate. Read first time. To Com. on RLS. for assignment. |
| Jun. 18, 2026 | Read third time. Passed. Ordered to the Senate. (Ayes 49. Noes 1. Page 5760.) |
| Jun. 11, 2026 | Read second time. Ordered to third reading. |