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California’s Senate Banking and Financial Institutions committee has passed the "Assembly Bill 2150" bill seeking to define digital assets and measure its impact on the state and consumer protections. The bill, focuses on directing the Department of Business Oversight to conduct a study and see if California can enact policies to see how treating digital assets as securities for a limited amount of time can impact consumer protections, benefits to the state. The report should be presented to the California Legislature on or before January 1, 2022.
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