SB535

Companion bill of AB 471. The bill ensures that individuals and businesses may accept digital assets for payment, use self-hosted or hardware wallets, operate blockchain nodes, develop blockchain software, transfer digital assets, and participate in staking. It exempts these activities—including mining, staking, and digital asset-for-digital asset exchanges without conversion to legal tender—from money transmitter licensing requirements. The bill also creates a securities exemption for third-party providers offering technical staking services, provided returns are limited to rewards from the network itself