California · 2025–26 Regular Session · Assembly Bill
AB 236: Digital financial asset businesses: regulatory fees.
Did not advance Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
- Did not advance
Last official action: ·Record last updated:
Plain-language summary
AB 236 is a assembly bill introduced in the California Assembly on January 13, 2025. According to its official title, it concerns: Digital financial asset businesses: regulatory fees. Primary sponsor: Phillip Chen (R). Most recent recorded action (February 2, 2026): From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.
Existing law, the Digital Financial Assets Law, prohibits a person, on or after July 1, 2026, from engaging in digital financial asset business activity, or holding itself out as being able to engage in digital financial asset business activity, with, or on behalf of, a resident, unless certain conditions are met. These conditions include that the person is licensed with the Department of Financial Protection and Innovation, as prescribed, or the person submits an application on or before July 1, 2026, and is awaiting approval or denial of that application. Existing law defines “digital financial asset” for these purposes to mean a digital representation of value that is used as a medium of exchange, unit of account, or store of value, and that is not legal tender, whether or not denominated in legal tender, except as specified.
Existing law requires an applicant for a license under these provisions to submit the application with a nonrefundable fee in an amount determined by the department to cover the reasonable costs of application review.
This bill would prohibit that fee from exceeding $5,000.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Phillip Chen | Primary sponsor | Republican | Assembly | 59 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- From committee: Filed with the Chief Clerk pursuant to Joint Rule 56.
- Died pursuant to Art. IV, Sec. 10(c) of the Constitution.
- In committee: Held under submission.
- In committee: Set, first hearing. Referred to APPR. suspense file.
- From committee: Do pass and re-refer to Com. on APPR. (Ayes 8. Noes 0.) (March 3). Re-referred to Com. on APPR.
- Referred to Com. on B.&F.
- From printer. May be heard in committee February 13.
- Read first time. To print.