AB 1029 - Expands Financial Disclosure Requirements to Include Digital Assets - California Key Vote

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Title: Expands Financial Disclosure Requirements to Include Digital Assets

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Title: Expands Financial Disclosure Requirements to Include Digital Assets

Vote Smart's Synopsis:

Vote to pass a bill that expands financial disclosure requirements to include digital assets, such as cryptocurrency, in California.

Highlights:

  • Expands the definition of “Investment” under the Political Reform Act of 1974 to include digital financial assets therefore requiring public officials to disclose their interests in such assets (Sec. 1-2).

  • Specifies that assets will not be deemed an asset if its fair market value is less than $2,000 (Sec. 1-2).

Title: Expands Financial Disclosure Requirements to Include Digital Assets

Title: Expands Financial Disclosure Requirements to Include Digital Assets

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