7 hours ago
California Assembly Bill 1052, or the “Digital Assets Bill” (formerly the Money Transmission Act), passed a Committee vote with bipartisan support on April 21. It was introduced by Assembly Member and Democrat Avelino Valencia in February and amended at the end of March. It aims to protect cryptocurrency users and investors by supporting their right to self-custody their digital assets. A BILL IN CALIFORNIA TO PROTECT YOUR RIGHT TO SELF-CUSTODY AND ENGAGE IN PEER-TO-PEER TRANSACTIONS PASSES OUT OF COMMITTEE UNANIMOUSLY WITH BI-PARTISAN SUPPORT! Thank you to Chair @AsmValencia for your leadership and for the opportunity to sponsor and testify in support. pic.twitter.com/tunUKSlPpX — Dennis Porter (@Dennis_Porter_) April 22, 2025 Protecting Crypto Users’ Rights AB 1052 authorizes individuals and businesses to accept digital assets as payment and deems them as valid and legal in private transactions. It also prohibits public entities from restricting digital asset use or imposing special taxes solely on crypto payments and clarifies that this is a statewide matter that applies to all cities in California. The legislation specifically addresses self-custody of cryptocurrency, stating: “A public entity shall not prohibit, restrict, or impose any requirements on the use of hardware or a self-hosted wallet to control digital financial assets.” It also prevents government entities from creating regulations that would restrict or impose requirements on self-custody solutions. The bill is designed to protect individuals’ rights to control their own private keys and digital assets without government interference. There is still a long legal path to go, however, and nothing happens fast in the US Congress. Following the Assembly Banking and Finance Committee vote, it passes to the Assembly floor for a full vote by all Assembly members, and then on to a Senate committee, and then the full Senate, before heading to the government for a final yay or nay vote. It requires a two-thirds vote for passage as it amends the Political Reform Act and makes various technical amendments to the Code of Civil Procedure, Financial Code, and Government Code to implement these provisions. Strategic Bitcoin Reserve Bill Update Arizona is the leading state with two strategic Bitcoin reserve bills in the final stages of voting, according to Bitcoin Law’s State Reserve Race tracker. There have been 46 strategic Bitcoin reserve bills introduced across 26 states, it reported. Following Arizona, legislation in New Hampshire and Texas is next likely to get approved. Meanwhile, the asset itself hit a six-week high of $88,500 in early trading in Asia on Tuesday as store of value assets continue to attract investors in an accelerating flight from US stocks and the US dollar. The post California Crypto Self-Custody and Payments Bill Passes Committee appeared first on CryptoPotato .
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Ethereum Price Breaks Out With 15% Rally — $1,800 Resistance Under Pressure
Ethereum price started a fresh surge above the $1,650 resistance. ETH is now showing positive signs and might attempt to clear the $1,800 resistance. Ethereum started a fresh rally above the $1,650 zone. The price is trading above $1,700 and the 100-hourly Simple Moving Average. There was a break above a couple of bullish continuation patterns with resistance at $1,700 and $1,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $1,800 resistance zone. Ethereum Price Starts Fresh Rally Ethereum price remained stable above the $1,550 level and started a fresh increase, like Bitcoin . ETH traded above the $1,620 and $1,650 levels. The bulls even pumped the price above the $1,700 level. There was a break above a couple of bullish continuation patterns with resistance at $1,700 and $1,760 on the hourly chart of ETH/USD. The pair even tested the $1,800 zone. A high was formed at $1,803 and the price is showing signs of more gains above the 23.6% Fib retracement level of the upward move from the $1,566 swing low to the $1,803 high. Ethereum price is now trading above $1,700 and the 100-hourly Simple Moving Average . On the upside, the price seems to be facing hurdles near the $1,800 level. The next key resistance is near the $1,820 level. The first major resistance is near the $1,850 level. A clear move above the $1,850 resistance might send the price toward the $1,920 resistance. An upside break above the $1,920 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,950 resistance zone or even $2,000 in the near term. Are Dips Supported In ETH? If Ethereum fails to clear the $1,800 resistance, it could start a fresh decline. Initial support on the downside is near the $1,765 level. The first major support sits near the $1,710 zone. A clear move below the $1,710 support might push the price toward the $1,700 support. Any more losses might send the price toward the $1,685 support level and the 50% Fib retracement level of the upward move from the $1,566 swing low to the $1,803 high in the near term. The next key support sits at $1,620. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $1,710 Major Resistance Level – $1,800 Crypto Potato
WazirX Gears Up for Singapore Hearing on Restart
Indian cryptocurrency exchange WazirX is making strides in its efforts to potentially resume operations in Singapore. The exchange is reportedly on track for a key regulatory hearing in the city-state, a crucial step that could pave the way for WazirX to re-establish its presence and services in the Singaporean market. Singapore Hearing Marks Progress in … Continue reading "WazirX Gears Up for Singapore Hearing on Restart" The post WazirX Gears Up for Singapore Hearing on Restart appeared first on Cryptoknowmics-Crypto News and Media Platform . Crypto Potato
