The AB-1052 bill in California promotes self-custody of Bitcoin and other digital assets while barring public agencies from imposing taxes based solely on asset use. Introduced by Assemblymember Juan Carrillo Valencia, it aims to uphold the rights of individuals and serve as a legislative blueprint for other states.

Advocates, including Dennis Porter, CEO of Satoshi Action Fund, express that this bill is an essential advancement for Bitcoin and digital asset rights, allowing individuals to engage with innovative technologies while safeguarding property rights in the evolving digital economy.