Meet Roger Dickinson, The Man Behind California's Bill to Legalize Bitcoin
In the world of digital currency, misinformation spreads quickly, and there may be no greater recent example of this than California Assembly Bill 129, a piece of proposed legislation that has been heralded somewhat incorrectly as an already successful move by the state to "legalize cryptocurrencies". Though, the bill would recognize digital currencies as "lawful money", it would also ensure the legal footing of additional forms of legal tender such as points and coupons, and is currently only halfway to becoming law. Regardless, many in the digital currency community have high hopes that....
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The California State Senate and Assembly passed a bill in early September that amends the state’s Money Transmission Act. The bill was designed to modernize old laws in light of new technologies — Bitcoin was specifically mentioned — and “remove barriers to market entry to start-up payment technology companies,” said Committee on Banking and Finance Chair Roger Dickinson. Dickinson first introduced the bill in February. Here are the three things that could benefit Bitcoin companies if Gov. Brown signs it into law:
Canada’s landmark legal legislation this week came suddenly for the community – but it is not alone: now, a second official response has been heard in California. CNBC.com reports that Assemblyman Roger Dickinson yesterday approved an amendment to the law on accepted currencies “making it easier to use alternative currencies including Bitcoin.” The bill, AB-129, was backed 7-1 by the California Senate Banking and Financial Institutions Committee and will now move forward to review by California Governor Jerry Brown, like Dickinson a democrat, who will be able either to approve or veto its....
The California state legislature's effort to effectively legalize bitcoin - along side a host of other alternative stores of value - as forms of money cleared an important procedural stage on Wednesday as it moved closer to becoming law. On 4th June, the California Senate Banking and Financial Institutions Committee voted overwhelmingly in favor of AB-129, the bill authored by Assemblymember Roger Dickinson that would recognize digital currencies, points and coupons, among other US dollar alternatives, as lawful money. The 7-1 vote by the committee means the bill will move to the Senate....
California Assembly Bill 129, a bill that would deem digital currencies 'lawful money' in the US state, will now head to the desk of California Governor Jerry Brown where it will require final approval to become law. The announcement comes just weeks after AB-129 came before the California Senate Banking and Financial Institutions Committee, passing by a 7-1 vote. AB-129, authored by Assembly Member Roger Dickinson, would recognize digital currencies - along with a host of other commonly-issued forms of value including points and coupons - as lawful alternatives to the US dollar. The....
The 39th Governor of California Jerry Brown has officially signed Assembly Bill 129, the measure that sought to grant bitcoin and other digital currencies 'legal money' status, into law, Reuters reports. The news comes just weeks after the approval of the final amended version of the bill earlier this month through key votes in both the California Assembly and Senate. AB-129, which first received approval in the California Assembly earlier this February, sought to update a California law under which alternative forms of value such as rewards points, coupons and digital currencies were....