AB-1180 • 2026

Department of Financial Protection and Innovation: state payments.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Valencia
Last action: 2025-08-29
Official status: In committee: Held under submission.
Effective date: Not listed

Plain English Breakdown

The exact date when the bill becomes operative is not clearly specified in the provided official source material.

Department of Financial Protection and Innovation: State Payments

This law allows the Department of Financial Protection and Innovation to accept digital financial assets, including stablecoins, for certain payments required by the Digital Financial Assets Law (DFAL). It also requires reports from the department, Treasurer, and Controller on these regulations.

What This Bill Does

Allows the Department of Financial Protection and Innovation to create rules that let people pay with digital financial assets, like stablecoins, for some fees under the DFAL.
Requires the department to send a report about these new payment methods to lawmakers by January 1, 2029.
Tells the Treasurer and Controller to give recommendations on using digital financial assets as payments by January 1, 2028.

Who It Names or Affects

The Department of Financial Protection and Innovation
People who pay fees to the department using digital financial assets

Terms To Know

Digital Financial Asset: A type of digital money that can be used as a way to buy things, measure value, or save money, but is not legal tender.
Stablecoin: A kind of digital financial asset designed to keep its value stable compared to real-world currencies like the dollar.

Limits and Unknowns

The bill does not specify all the details about how payments will be made with digital financial assets.
It is unclear what specific fees or charges are covered by this law.

Bill History

2025-08-29 California Legislative Information
In committee: Held under submission.
2025-08-18 California Legislative Information
In committee: Referred to suspense file.
2025-07-16 California Legislative Information
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 13. Noes 0.) (July 15). Re-referred to Com. on APPR.
2025-07-07 California Legislative Information
Read second time and amended. Re-referred to Com. on JUD.
2025-07-03 California Legislative Information
From committee: Amend, and do pass as amended and re-refer to Com. on JUD. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (July 2).
2025-06-11 California Legislative Information
Referred to Coms. on B. & F.I. and JUD.
2025-06-03 California Legislative Information
In Senate. Read first time. To Com. on RLS. for assignment.
2025-06-02 California Legislative Information
Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1881.)
2025-05-27 California Legislative Information
Read second time. Ordered to third reading.
2025-05-23 California Legislative Information
From committee: Do pass. (Ayes 14. Noes 0.) (May 23).
2025-05-14 California Legislative Information
In committee: Set, first hearing. Referred to APPR. suspense file.
2025-04-24 California Legislative Information
Re-referred to Com. on APPR.
2025-04-23 California Legislative Information
Read second time and amended.
2025-04-22 California Legislative Information
From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 21).
2025-04-21 California Legislative Information
Re-referred to Com. on B. & F.
2025-04-10 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on B. & F. Read second time and amended.
2025-04-10 California Legislative Information
Re-referred to Com. on B. & F. pursuant to Assembly Rule 96.
2025-03-28 California Legislative Information
Re-referred to Com. on C. & C.
2025-03-27 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on C. & C. Read second time and amended.
2025-03-18 California Legislative Information
Re-referred to Com. on C. & C.
2025-03-17 California Legislative Information
From committee chair, with author's amendments: Amend, and re-refer to Com. on C. & C. Read second time and amended.
2025-03-17 California Legislative Information
Referred to Com. on C. & C.
2025-02-24 California Legislative Information
Read first time.
2025-02-22 California Legislative Information
From printer. May be heard in committee March 24.
2025-02-21 California Legislative Information
Introduced. To print.

Official Summary Text

AB 1180, as amended, Valencia.
Department of Financial Protection and Innovation: state payments.
The Digital Financial Assets Law (DFAL) generally regulates digital financial asset business activity, including by prohibiting a
covered
person from
engaging in digital financial asset business activity, or holding itself out as being able to engage in digital financial asset business activity, with or on behalf of a resident, unless the person is licensed by the Department of Financial Protection and Innovation, as prescribed. The DFAL defines “digital financial asset” to mean a digital representation of value that is used as a medium of exchange, unit of account, or store of value, and that is not legal tender, whether or not denominated in legal tender, as specified.
taking certain actions with digital financial assets if that asset is a stablecoin, as defined and prescribed.
The DFAL requires, among other charges, an applicant for a license to include a nonrefundable fee with an application, as specified.
This bill would require the
department
Department of Financial Protection and Innovation, in consultation with the Treasurer and the Controller,
to adopt regulations to allow
any payment
specified payments
required under the DFAL to be made with
digital financial assets and
stablecoins. The bill
would require the department to submit, on or before January 1,
2028,
2029,
a report to the Legislature on those regulations, as specified.
The bill would require the Treasurer and the Controller to submit, on or before January 1, 2028, a report to the Legislature containing specified recommendations.
This bill would become operative on July 1,
2026,
2027,
and sunset its provisions on January 1,
2031.
2032.

Current Bill Text

Read the full stored bill text

Download Bill PDF