California Regulatory Update: DFPI Proposes Rules Regarding Licensing Under Digital Financial Assets Law (DFAL)
By EsqSocial Corporation 16/04/25
On April 4, 2025, the California Department of Financial Protection and Innovation (“DFPI”) issued a notice of proposed rulemaking to implement portions of the State’s Digital Financial Assets Law (“DFAL”) related to licensure requirements. Enacted on October 13, 2023, DFAL established a comprehensive regulatory framework—including licensing and enforcement authority—for certain crypto-related activities. Subsequently, on September 29, 2024, Governor Newsom signed legislation extending the...
By: Shipkevich PLLC