California is taking steps to safeguard digital asset owners’ rights, introducing the Bitcoin Rights Bill (AB-1052) to ensure secure and legal self-custody. The bill, proposed by Assembly Chair Juan Carrillo Valencia, was officially announced on March 29th by the Satoshi Action Fund through a social media post on X. AB-1052 outlines several key provisions to protect digital asset users. It explicitly recognizes the right to self-custody of Bitcoin and other digital assets, prohibits government agencies from imposing taxes or restrictions solely based on asset use for payments, and establishes legal frameworks for unclaimed digital assets to be managed by licensed custodians. Additionally, the bill aims to amend the 1974 Political Reform Act to prevent public officials from engaging in any form of promotion or sponsorship related to digital assets, securities, or commodities. Supporters believe AB-1052 sets a precedent for other states and could spark nationwide discussions about regulating emerging financial technologies.