Bill > AB2150

This bill would require the Department of Business Oversight to conduct a study to determine the feasibility of enacting in California a measure equivalent to the Proposed Securities Act Rule 195 - Time-Limited Exemption for Tokens. The study would evaluate the potential benefits and costs of the exemption, its impact on consumer protections, and the appropriate minimum standards for businesses to qualify. The department would be required to present its findings and recommendations to the Legislature by January 1, 2022, including definitions of key terms, identification of concerns, and suggestions for regulatory frameworks that allow innovation in blockchain and cryptocurrency technology while preserving consumer protections. The provisions of this bill would be repealed on January 1, 2025, unless a later statute deletes or extends that date.

Budget and Finance, Business and Industry

http://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=201920200AB2150