summary
Introduced
02/16/2023
02/16/2023
In Committee
01/04/2024
01/04/2024
Crossed Over
Passed
Dead
02/01/2024
02/01/2024
Introduced Session
2023-2024 Session
Bill Summary
An act to add Chapter 6.8 (commencing with Section 20655) to Division 8 of the Business and Professions Code, relating to business.
AI Summary
This bill would establish requirements for nonfungible token (NFT) marketplaces operating in California. It would require NFT marketplaces to disclose their terms and conditions in a clear and understandable manner, including details on fees, liability for transfers, and tax obligations. The bill also mandates that NFT marketplaces develop and maintain a comprehensive information security program to protect user information and establish a dedicated contact channel for law enforcement. The bill specifies that it does not create a private right of action under any other law.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. (on 02/01/2024)
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