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KW's avatar

Hi - I called all the offices for SB-95, but I am also wondering where the text of the bill discusses central bank digital currencies? Is something snuck in there? Any help is appreciated. https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202320240SB95

OOPS! I see mention of it in the "Analysis" of it. https://leginfo.legislature.ca.gov/faces/billAnalysisClient.xhtml?bill_id=202320240SB95#

It is where they are making provisions for the handling of "digital assets" aka "controllable electronic records"

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Mary F's avatar

I reviewed the document for "controllable electronic records" and I could not find any issues with it. This bill applies to financial transactions between buyers and sellers and updates the language to reflect the computer age , electronic records and other states commercial codes.

The Fed is going to start the CBDC experiment in July and this bill has nothing to do with it.

For a better opinion, ask a commercial contracts lawyer.

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