Barbara Jones

1 month ago | mondaq.com | Jeremy A. Meier |Barbara Jones |Marina Olman-Pal |Patrick Shannon

The California Department of Financial Protection and Innovation(DFPI) on April 4, 2025, issued its formal notice of rulemaking fordigital financial business regulation, following receipt of twosets of 2024 comments on its draft proposed rules forCalifornia's "Digital Finance Assets Law"(DFAL) (AB 39 and SB 401, 2023). By way of background, Gov. Newsom signed Assembly Bill 39 andSenate Bill 401 in 2023. On Sept. 29, 2024, Gov.