​Introduced by Assembly Member Valencia

AB 1029, beginning January 1, 2027, will expand the definition of “investment” for purposes of the Political Reform Act of 1974 to include direct or indirect interest in a digital financial asset, as defined in Section 3102 of the Financial Code, and will specifically require public officials to disclose interests in their digital financial assets, as specified.  (Gov’t Code sec. 82034.)   Cryptocurrencies like Bitcoin and Ethereum are the most common examples of digital financial assets.  The bill will also require an agency’s conflict of interest code to require designated employees to disclose interests in digital financial assets, as specified.  This bill was approved by the Governor on July 30, 2025.  Although the bill is effective as of 1/1/2026, its provisions apply beginning 1/1/27.

Status:  Enacted. Effective 1/1/2026.