CA AB1029

Expands the definition of "investment" under the Political Reform Act of 1974 to include digital financial assets (cryptocurrencies and similar assets) beginning January 1, 2027

Requires public officials to disclose digital financial asset holdings on statements of economic interest when the fair market value equals or exceeds $2,000

Mandates disclosure include the commonly known name of the digital financial asset and its fair market value within specified ranges ($2,000-$10,000, $10,000-$100,000, $100,000-$1,000,000, or over $1,000,000)

Requires public agency conflict of interest codes to include digital financial assets as reportable investments for designated employees whose decisions may materially affect such assets

Knowing or willful violations remain a misdemeanor under existing Political Reform Act enforcement provisions