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California Legislature · 2023-2024 Regular Session

SB 401

Chaptered

Digital financial asset transaction kiosks

Author: Monique Limón (D-SD19)
Show 1 co-author
Toni Atkins (D-SD39)
Latest action: Chaptered (Oct 13, 2023) Chapter 871, Statutes of 2023
View on leginfo
Also in: 2025-2026 (Amended Assembly) · 2021-2022 (Chaptered) · 2019-2020 (Introduced) · 2017-2018 (Chaptered)

Version history

7 versions — latest: Chaptered (Oct 13, 2023)

Action history

  1. Feb 9, 2023 Introduced. Read first time. To Com. on RLS. for assignment. To print. Senate
  2. Feb 10, 2023 From printer. May be acted upon on or after March 12. Senate
  3. Feb 22, 2023 Referred to Com. on B. & F.I. Senate
  4. Feb 28, 2023 Set for hearing March 29. Senate
  5. Mar 29, 2023 From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 0. Page 569.) (March 29). Re-referred to Com. on APPR. Senate
  6. Apr 10, 2023 Set for hearing April 17. Senate
  7. Apr 17, 2023 April 17 hearing: Placed on APPR suspense file. Senate
  8. May 12, 2023 Set for hearing May 18. Senate
  9. May 18, 2023 Read second time. Ordered to third reading. Senate
  10. May 18, 2023 From committee: Do pass. (Ayes 5. Noes 1. Page 1168.) (May 18). Senate
  11. May 24, 2023 Read third time. Passed. (Ayes 32. Noes 6. Page 1271.) Ordered to the Assembly. Senate
  12. May 25, 2023 In Assembly. Read first time. Held at Desk. Assembly
  13. Jun 1, 2023 Referred to Com. on B. & F. Assembly
  14. Jun 19, 2023 From committee with author's amendments. Read second time and amended. Re-referred to Com. on B. & F. Assembly
  15. Jun 26, 2023 June 26 set for first hearing canceled at the request of author. Assembly
  16. Jul 11, 2023 From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 3.) (July 10). Assembly
  17. Jul 12, 2023 Read second time and amended. Re-referred to Com. on APPR. Assembly
  18. Aug 16, 2023 August 16 set for first hearing. Placed on suspense file. Assembly
  19. Sep 1, 2023 Read second time and amended. Ordered to second reading. Assembly
  20. Sep 1, 2023 From committee: Do pass as amended. (Ayes 11. Noes 4.) (September 1). Assembly
  21. Sep 5, 2023 Read second time. Ordered to third reading. Assembly
  22. Sep 8, 2023 Read third time and amended. Assembly
  23. Sep 8, 2023 Ordered to third reading. Assembly
  24. Sep 13, 2023 Read third time. Passed. (Ayes 57. Noes 17. Page 3427.) Ordered to the Senate. Assembly
  25. Sep 13, 2023 In Senate. Concurrence in Assembly amendments pending. Senate
  26. Sep 14, 2023 Assembly amendments concurred in. (Ayes 32. Noes 7. Page 2842.) Ordered to engrossing and enrolling. Senate
  27. Sep 21, 2023 Enrolled and presented to the Governor at 4 p.m. Governor
  28. Oct 13, 2023 Approved by the Governor. Governor
  29. Oct 13, 2023 Chaptered by Secretary of State. Chapter 871, Statutes of 2023. Secretary of State

Votes recorded

3 votes
Sep 14, 2023 · Senate Floor
Unfinished Business SB401 Limón et al. Concurrence
Tally
32 · 7 · 1
PASS
Democrat
31/0/0
Republican
1/7/1
Other
0/0/0
Aye (32)
Benjamin Allen (D-SD24) Bob Archuleta (D-SD30) Angelique Ashby (D-SD08) Toni Atkins (D-SD39) Josh Becker (D-SD13) Catherine Blakespear (D-SD38) Steven Bradford (D-SD35) Anna Caballero (D-SD14) Dave Cortese (D-SD15) Bill Dodd (D-SD03) Maria Elena Durazo (D-SD26) Susan Talamantes Eggman (D-SD05) Steven Glazer (D-SD07) Lena Gonzalez (D-SD33) Melissa Hurtado (D-SD16) John Laird (D-SD17) Monique Limón (D-SD19) Mike McGuire (D-SD02) Caroline Menjivar (D-SD20) Dave Min (D-SD37) Josh Newman (D-SD29) Steve Padilla (D-SD18) Anthony Portantino (D-SD25) Richard Roth (D-SD31) Susan Rubio (D-SD22) Nancy Skinner (D-SD09) Lola Smallwood-Cuevas (D-SD28) Henry Stern (D-SD27) Thomas Umberg (D-SD34) Aisha Wahab (D-SD10) Scott Wiener (D-SD11) Marie Alvarado-Gil (R-SD04)
No (7)
Brian Dahle (R-SD01) Shannon Grove (R-SD12) Brian Jones (R-SD40) Roger Niello (R-SD06) Rosilicie Ochoa Bogh (R-SD23) Kelly Seyarto (R-SD32) Scott Wilk (R-SD21)
Abstain / Other (1)
Janet Nguyen (R-SD36)
Sep 13, 2023 · Assembly Floor
SB 401 Limón Senate Third Reading By Bauer-Kahan
Tally
57 · 17 · 6
PASS
Democrat
56/0/5
Republican
0/17/1
Other
1/0/0
Aye (57)
Dawn Addis (D-AD30) Cecilia Aguiar-Curry (D-AD04) David Alvarez (D-AD80) Joaquin Arambula (D-AD31) Rebecca Bauer-Kahan (D-AD16) Steve Bennett (D-AD38) Marc Berman (D-AD23) Blanca Rubio (D-AD48) Mia Bonta (D-AD18) Isaac Bryan (D-AD55) Lisa Calderon (D-AD56) Sabrina Cervantes (D-AD58) Damon Connolly (D-AD12) Laura Friedman (D-AD44) Jesse Gabriel (D-AD46) Eduardo Garcia (D-AD36) Mike Gipson (D-AD65) Timothy Grayson (D-AD15) Matt Haney (D-AD17) Gregg Hart (D-AD37) Chris Holden (D-AD41) Jacqui Irwin (D-AD42) Corey Jackson (D-AD60) Reginald Byron Jones-Sawyer (D-AD57) Juan Carrillo (D-AD39) Ash Kalra (D-AD25) Alex Lee (D-AD24) Evan Low (D-AD26) Josh Lowenthal (D-AD69) Luz Rivas (D-AD43) Brian Maienschein (D-AD76) Kevin McCarty (D-AD06) Tina McKinnor (D-AD61) Mike Fong (D-AD49) Al Muratsuchi (D-AD66) Liz Ortega (D-AD20) Blanca Pacheco (D-AD64) Diane Papan (D-AD21) Gail Pellerin (D-AD28) Anthony Rendon (D-AD62) Eloise Gómez Reyes (D-AD50) Robert Rivas (D-AD29) Freddie Rodriguez (D-AD53) Miguel Santiago (D-AD54) Pilar Schiavo (D-AD40) Esmeralda Soria (D-AD27) Philip Ting (D-AD19) Avelino Valencia (D-AD68) Carlos Villapudua (D-AD13) Christopher Ward (D-AD78) Akilah Weber Pierson (D-AD79) Wendy Carrillo (D-AD52) Buffy Wicks (D-AD14) Lori Wilson (D-AD11) Jim Wood (D-AD02) Rick Chavez Zbur (D-AD51) Boerner
No (17)
Juan Alanis (R-AD22) Phillip Chen (R-AD59) Laurie Davies (R-AD74) Bill Essayli (R-AD63) Heath Flora (R-AD09) James Gallagher (R-AD03) Josh Hoover (R-AD07) Jim Patterson (R-AD08) Joe Patterson (R-AD05) Tom Lackey (R-AD34) Devon Mathis (R-AD33) Megan Dahle (R-AD01) Kate Sanchez (R-AD71) Tri Ta (R-AD70) Vince Fong (R-AD32) Marie Waldron (R-AD75) Greg Wallis (R-AD47)
Abstain / Other (6)
Jasmeet Bains (D-AD35) Cottie Petrie-Norris (D-AD73) Sharon Quirk-Silva (D-AD67) James Ramos (D-AD45) Stephanie Nguyen (D-AD10) Diane Dixon (R-AD72)
May 24, 2023 · Senate Floor
Senate 3rd Reading SB401 Limón et al.
Tally
32 · 6 · 2
PASS
Democrat
31/0/0
Republican
1/6/2
Other
0/0/0
Aye (32)
Benjamin Allen (D-SD24) Bob Archuleta (D-SD30) Angelique Ashby (D-SD08) Toni Atkins (D-SD39) Josh Becker (D-SD13) Catherine Blakespear (D-SD38) Steven Bradford (D-SD35) Anna Caballero (D-SD14) Dave Cortese (D-SD15) Bill Dodd (D-SD03) Maria Elena Durazo (D-SD26) Susan Talamantes Eggman (D-SD05) Steven Glazer (D-SD07) Lena Gonzalez (D-SD33) Melissa Hurtado (D-SD16) John Laird (D-SD17) Monique Limón (D-SD19) Mike McGuire (D-SD02) Caroline Menjivar (D-SD20) Dave Min (D-SD37) Josh Newman (D-SD29) Steve Padilla (D-SD18) Anthony Portantino (D-SD25) Richard Roth (D-SD31) Susan Rubio (D-SD22) Nancy Skinner (D-SD09) Lola Smallwood-Cuevas (D-SD28) Henry Stern (D-SD27) Thomas Umberg (D-SD34) Aisha Wahab (D-SD10) Scott Wiener (D-SD11) Marie Alvarado-Gil (R-SD04)
No (6)
Brian Dahle (R-SD01) Shannon Grove (R-SD12) Brian Jones (R-SD40) Roger Niello (R-SD06) Rosilicie Ochoa Bogh (R-SD23) Scott Wilk (R-SD21)
Abstain / Other (2)
Janet Nguyen (R-SD36) Kelly Seyarto (R-SD32)

Lobbying activity

FPPC lobbying disclosures whose activity descriptions mention SB 401, scoped to filings whose coverage period extends through or beyond this bill's introduction date.

Standalone search →
Note: CalAccess lobby filings reference bills by measure number only — no session tag. When the same measure number has existed in earlier sessions (e.g. a previously chaptered bill still being lobbied on for implementation), some of those filings may appear here even though they relate to a different bill. Use the activity descriptions to disambiguate.
Period Form Filer Firm / Employer Lobbying Activity Filing
01/01/2025–03/31/2025 Employer Report BITCOIN DEPOT — LEGISLATURE RE: SB 401 IMPLEMENTATION #3034808
10/01/2024–12/31/2024 Employer Report BITCOIN DEPOT — LEGISLATURE RE: SB 401 IMPLEMENTATION #3002459
07/01/2024–09/30/2024 Employer Report BITCOIN DEPOT — SB 401 #2970921
04/01/2024–06/30/2024 Employer Report BITCOIN DEPOT — SB 401 #2936266
10/01/2023–12/31/2023 Employer Report Blockchain Advocacy Coalition dba California Blockchain Advocacy — AB 39, 1336; SB 401; Governor's Office of Business and Economic Development (GO-Biz) Re: Blockchain Industry #2883169
10/01/2023–12/31/2023 Employer Report ELECTRONIC TRANSACTIONS ASSOCIATION — AB 39, 76, 259, 302, 331, 386, 431, 465, 524, 526, 743, 747, 919, 984, 1043, 1076, 1100, 1103, 1116, 1119, 1143, 1161, 1242, 1247, 1312, 1345, 1414, 1456, ACA 1, 3, SB 33, 80, 95, 252, 253, 261, 278, 296, 313, 342, 365, 375, 399, 401, 478, 522, 531, 592, 637, 696, 703, 727, 755, 801, 869, 874, SCR 17 #2874979
07/01/2023–09/30/2023 Employer Report Blockchain Advocacy Coalition dba California Blockchain Advocacy — AB 39, 1229, 1336; SB 401, 711; Governor's Office of Business and Economic Development (GO-Biz) Re: Blockchain Industry #2853489
07/01/2023–09/30/2023 Employer Report ELECTRONIC TRANSACTIONS ASSOCIATION — AB 39, 76, 259, 302, 331, 386, 431, 465, 524, 526, 743, 747, 919, 984, 1043, 1076, 1100, 1103, 1116, 1119, 1143, 1161, 1242, 1247, 1312, 1345, 1414, 1456, ACA 1, 3, SB 33, 80, 95, 252, 253, 261, 278, 296, 313, 342, 365, 375, 399, 401, 478, 522, 531, 592, 637, 696, 703, 727, 755, 801, 869, 874, SCR 17 #2851354
07/01/2023–09/30/2023 Employer Report WESTCLIFF TECHNOLOGIES — Legislature, Governor's Office, Department of Financial Protection & Innovation, Office of Business & Economic Development (Go-Biz) re: AB 39, SB 401, Cryptocurrency Regulation #2850915
04/01/2023–06/30/2023 Employer Report Blockchain Advocacy Coalition dba California Blockchain Advocacy — AB 39, 1229, 1336; SB 401, 711; Legislature Re: Virtual Currency Regulation, Blockchain Technology; Governor&146;s Office of Business and Economic Development (GO-Biz) Re: Blockchain Industry #2832235
04/01/2023–06/30/2023 Employer Report CRYPTO COUNCIL FOR INNOVATION — CALIFORNIA STATE LEGISLATURE AND ADMINISTRATION RE: AB 39, 76, 1116, 1229, 1296, 1312, 1336, SB 401, 478 #2831992
04/01/2023–06/30/2023 Employer Report ELECTRONIC TRANSACTIONS ASSOCIATION — CALIFORNIA STATE LEGISLATURE AND ADMINISTRATION RE: AB 39, 76, 259, 302, 331, 386, 431, 465, 524, 526, 743, 747, 919, 984, 1043, 1076, 1100, 1103, 1116, 1119, 1143, 1161, 1242, 1247, 1312, 1345, 1414, 1456, ACA 1, 3, SB 33, 80, 95, 252, 253, 261, 278, 296, 313, 342, 365, 375, 399, 401, 478, 522, 531, 592, 637, 696, 703, 727, 755, 801, 869, 874, SCR 17 #2836365
04/01/2023–06/30/2023 Employer Report WESTCLIFF TECHNOLOGIES — Legislature, Governor's Office, Department of Financial Protection & Innovation, Department of Finance re: Digital Financial Assets, Regulation of Digital Financial Asset Kiosks, AB 39, SB 401, Cryptocurrency Regulation #2835017
01/01/2023–03/31/2023 Employer Report Blockchain Advocacy Coalition — AB 39, 1229, 1336; SB 401, 711; Legislature Re: Virtual Currency Regulation, Blockchain Technology #2810488
01/01/2023–03/31/2023 Employer Report ELECTRONIC TRANSACTIONS ASSOCIATION — CALIFORNIA STATE LEGISLATURE AND ADMINISTRATION RE: AB 39, 76, 259, 302, 331, 386, 431, 465, 524, 526, 743, 747, 919, 984, 1043, 1076, 1100, 1103, 1116, 1119, 1143, 1161, 1242, 1247, 1312, 1345, 1414, 1456, ABA 1, 3, SB 33, 80, 95, 252, 253, 261, 278, 296, 313, 342, 365, 375, 399, 401, 478, 522, 531, 592, 637, 696, 703, 727, 755, 801, 869, 874, SCR 17 #2813554
01/01/2023–03/31/2023 Employer Report JP MORGAN CHASE HOLDINGS LLC — Legislature: AB 39, AB 885, SB 278, SB 401; GovOps, DGS - general contracting practices ; Gov - General Company Updates #2808675
Period Form Employer Firm / Filer Fees Reimb. Period Total Cumulative Lobbying Activity Filing
01/01/2025–03/31/2025 Firm Activity (payments) BITCOIN DEPOT FANSLAU GOVERNMENT AFFAIRS $50,000 $0 $50,000 $50,000 LEGISLATURE RE: SB 401 IMPLEMENTATION #3037328
10/01/2024–12/31/2024 Firm Activity (payments) BITCOIN DEPOT FANSLAU GOVERNMENT AFFAIRS $25,000 $0 $25,000 $100,000 LEGISLATURE RE: SB 401 IMPLEMENTATION #2999367
07/01/2024–09/30/2024 Firm Activity (payments) BITCOIN DEPOT FANSLAU GOVERNMENT AFFAIRS $37,500 $0 $37,500 $75,000 SB 401 #2969824
04/01/2024–06/30/2024 Firm Activity (payments) BITCOIN DEPOT FANSLAU GOVERNMENT AFFAIRS $37,500 $0 $37,500 $37,500 SB 401 #2928236
10/01/2023–12/31/2023 Firm Activity (payments) Blockchain Advocacy Coalition dba California Blockchain Advocacy Niemela, Pappas and Associates $0 $0 $0 $131,087 AB 39, 1336; SB 401; Governor's Office of Business and Economic Development Re: Blockchain industry #2883288
10/01/2023–12/31/2023 Firm Activity (payments) Consumer Federation of California HERNANDEZ STRATEGY GROUP $15,600 $0 $15,600 $62,400 AB39,316,537,1160,1286, 1366, SB 33, 71, 244, 296, 365, 401, 478, 666, #2871342
07/01/2023–09/30/2023 Firm Activity (payments) Blockchain Advocacy Coalition dba California Blockchain Advocacy Niemela, Pappas and Associates $80,000 $373 $80,373 $131,087 AB 39, 1229, 1336; SB 401, 711; Governor's Office of Business and Economic Development Re: Blockchain industry #2853783
07/01/2023–09/30/2023 Firm Activity (payments) CALIFORNIA FUELS AND CONVENIENCE ALLIANCE SLOAT HIGGINS JENSEN AND ASSOCIATES, LLC $30,000 $0 $30,000 $80,000 AB 102, 418, 849, 935, 1115, 1228, 1614; SB 14, 102, 253, 261, 296, 401, 425, 553, 674, 728, 799, SBX1-2; ACA 13; SJR 2; LEGISLATURE RE: ALTERNATIVE FUELS & PERMITTING ISSUES #2853322
07/01/2023–09/30/2023 Firm Activity (payments) California Strategies & Advocacy, LLC MAJORITY ADVISORS, LLC $12,000 $0 $18,000 $30,000 Lobbied State Legislature, Department of Financial Protection and Innovation, Governor's Office and the GO-Biz Office regarding cryptocurrency regulation, SB 401 and AB 39. #2849163
07/01/2023–09/30/2023 Firm Activity (payments) NIEMELA, PAPPAS AND ASSOCIATES obo BLOCKCHAIN ADVOCACY COALITION MILLER CESPEDES & ASSOCIATES, LLC $20,000 $0 $20,000 $35,714 SB 401 #2854574
07/01/2023–09/30/2023 Firm Activity (payments) WestCliff Technologies CALIFORNIA STRATEGIES & ADVOCACY, LLC $36,000 $0 $36,000 $60,000 Legislature, Governor's Office of Business and Economic Development, Department of Financial Protection & Innovation re: SB 401 #2854355
04/01/2023–06/30/2023 Firm Activity (payments) Blockchain Advocacy Coalition dba California Blockchain Advocacy Niemela, Pappas and Associates $40,714 $0 $40,714 $50,714 AB 39, 1229, 1336; SB 401, 711; Legislature Re: Virtual Currency regulation, Blockchain technology; Governor's Office of Business and Economic Development Re: Blockchain industry #2835416
04/01/2023–06/30/2023 Firm Activity (payments) CALIFORNIA FUELS AND CONVENIENCE ALLIANCE SLOAT HIGGINS JENSEN AND ASSOCIATES, LLC $30,000 $0 $30,000 $50,000 AB 9, 24, 102, 241, 362, 418, 627, 935, 1012, 1115, 1228, 1303, 1347, 1614; SB 102, 253, 261, 330, 397, 401, 425, 553, 592, 728; GOVERNOR'S OFFICE, CA ENERGY COMMISSION RE: SBX1-2 IMPLEMENTATION #2835630
04/01/2023–06/30/2023 Firm Activity (payments) California Strategies & Advocacy, LLC MAJORITY ADVISORS, LLC $12,000 $0 $12,000 $12,000 Lobbied State Legislature, Department of Financial Protection and Innovation regarding cryptocurrency regulation, SB 401 and AB 39. #2834922
04/01/2023–06/30/2023 Firm Activity (payments) CRYPTO COUNCIL FOR INNOVATION FERNANDEZ JENSEN KIMMELSHUE GOVERNMENT AFFAIRS $40,000 $0 $40,000 $50,000 CALIFORNIA STATE LEGISLATURE AND ADMINISTRATION RE: AB 39, 76, 1116, 1229, 1296, 1312, 1336, SB 401, 478 #2831983
04/01/2023–06/30/2023 Firm Activity (payments) NIEMELA, PAPPAS AND ASSOCIATES obo BLOCKCHAIN ADVOCACY COALITION MILLER CESPEDES & ASSOCIATES, LLC $15,714 $0 $15,714 $15,714 AB 39; SB 401 #2835676
01/01/2023–03/31/2023 Firm Activity (payments) Blockchain Advocacy Coalition Niemela, Pappas and Associates $10,000 $0 $10,000 $10,000 AB 39, 1229, 1336; SB 401, 711; Legislature Re: Virtual Currency regulation, Blockchain technology #2811246
01/01/2023–03/31/2023 Firm Activity (payments) JP Morgan Chase Holdings LLC Niemela, Pappas and Associates $36,000 $0 $36,000 $36,000 AB 885; SB 278, 401; Government Operations Agency (GovOps), Department of General Services Re: General Contracting Practices #2811246
01/01/2023–03/31/2023 Firm Activity (payments) NIEMELA, PAPPAS AND ASSOCIATES obo BLOCKCHAIN ADVOCACY COALITION MILLER CESPEDES & ASSOCIATES, LLC $0 $0 $0 $0 SB 401 #2811073