CA AB2150

Department of Business Oversight must conduct a study to determine feasibility of enacting a California measure equivalent to the SEC's Proposed Securities Act Rule 195–Time-Limited Exemption for Tokens.

Study must include participation from regulatory agencies, private industry, consumer protection groups, and blockchain advocacy groups, and must evaluate potential benefits and costs to the state, impact on consumer protections, and minimum standards for business qualification.

Department must submit report to Legislature by January 1, 2022, including recommendations for enacting the exemption, definitions of key terms, identification of concerns, and suggestions for regulatory frameworks balancing innovation with consumer protection.

Section repeals on January 1, 2025, unless a later-enacted statute extends or deletes that date.