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Category DFPI

The California Assembly passed the Bitcoin payments bill AB 1180 with 60-0 votes

The California Assembly passed the Bitcoin payments bill AB 1180 with 60-0 votes

The California Assembly passed the AB 1180 bill with 60-0 votes.
Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California

Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California

A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. Th...
Silvergate SEC Settlement Will Be Finalized With $63 Million Fine

Silvergate SEC Settlement Will Be Finalized With $63 Million Fine

The Silvergate SEC settlement addresses charges that the bank and its former executives failed to maintain a proper anti-money laundering program R...
California Governor Signs "BitLicense" Crypto Licensing Bill Into Law, Effective July 2025

California Governor Signs "BitLicense" Crypto Licensing Bill Into Law, Effective July 2025

California Governor Gavin Newsom approved a crypto licensing bill that is set to enforce a structural framework for businesses conducting operation...
JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

JPMorgan Chase Assumes Control of First Republic Bank Following Seizure by California Regulators

On May 1, 2023, the California Department of Financial Protection and Innovation (DFPI) seized First Republic Bank, placing it into Federal Deposit...