Title: Expands Financial Disclosure Requirements to Include Digital Assets
Signed by Governor Gavin Newsom
Title: Expands Financial Disclosure Requirements to Include Digital Assets
Vote to pass a bill that expands financial disclosure requirements to include digital assets, such as cryptocurrency, in California.
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