Sadly, AB 1402 passed CA State Senate AND CA Assembly. It could be vetoed by the Governor (who is under recall), but it's extremely unlikely Newsom will veto it. Remember who betrayed us when you cast your recall ballot. Assets can be moved out of state w

Here is the status of the bill: https://leginfo.legislature.ca.gov/faces/billStatusClient.xhtml?bill_id=202120220AB1402

Text of bill: https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202120220AB1402

Past posts I made to raise awareness about this bill, ample discussion shown within each post so that you can analyze the discussion, see questions, understand the questions and answers that were provided by myself to various people about the problems with this bill:

1. https://www.reddit.com/r/Bitcoin/comments/p9vf3g/as_we_continue_to_fight_the_us_congressional/
2. https://np.reddit.com/r/Bitcoin/comments/o9r9dt/ab_1402_californias_latest_anti_bitcoin_bill_is/h3crcf6/

There were some others, but those two above should suffice to show what was going on - there was plenty of alerts / alarms raised of this but, either not enough resistance to stop it or, more likely, the legislators just decided they didn't care about any of the views in opposition this time.

HOW TO MOVE YOUR ASSETS LEGALLY AND SAFELY OUT OF CALIFORNIA, if you are still in California and can't move out yet (read comment completely, including part on "Exemptions from California Law" and disclosure at end of comment)

https://www.reddit.com/r/Bitcoin/comments/ntmzwu/there_are_potentially_huge_us_tax_and_reporting/h0u1gq7

California has gone entirely the same direction as U.S. Congress. If you're still in California, and you have assets with an exchange or other financial institution that is incorporated in California, or you have assets otherwise located (personally held) in California that you are now concerned about due to the evolving and increasing restrictions from both California and the federal government, take action. Move your assets (move your money) out of California (see link above for some suggestions), if maintaining the asset(s) in the USA. If not, then you will need to consider an alternate jurisdiction and that's another analysis (El Salvador? Slovenia? Somewhere else).

Thanks for reading.