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News & Press: Sacramento Report

Blockchain Bills Signed into Law

Tuesday, October 16, 2018  
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Governor Brown signed two blockchain bills into law. The first, AB 2658 (Chapter 875), requires the state Secretary of the Government Operations Agency to appoint a blockchain working group to report to the Legislature on the potential uses, risks, and benefits of blockchain technology by state government and California-based businesses. The second bill, SB 838 (Chapter 889), authorizes a non-public corporation or social purpose corporation to adopt provisions in its articles of incorporation to use blockchain technology to track shares, share transfers and shareholder information.

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