Tag Archives: cryptocurrency

DFPI Expands Enforcement Scope in Amended Digital Financial Asset Law (DFAL) Rulemaking: Now Targeting Individual Tokens, Not Just Exchanges

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By Irene Lau On September 29, 2025, DFPI published a modification of proposed regulation that expands its enforcement regime for digital financial assets (cryptocurrency). DFPI’s initial statement of reasons from April 4, 2025, only required licensing and regulation of cryptocurrency Continue reading →

DFPI Coordinates Efforts with the California DOJ to Crackdown on Cryptocurrency Scams to Protect California Consumers

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By Maya Patel On March 10, 2025, the Department of Financial Protection and Innovation (DFPI) announced that—through its new partnership with the Department of Justice (DOJ)—the state has shut down more than 26 different crypto scam websites, preventing further financial Continue reading →

California Court of Appeals Allows Taxpayer to Amend Claims Against Department of Financial Protection and Innovation Commissioner for Improper Licensing of Cryptocurrency Lender

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By Maya Patel Gerro v. Shultz, No. B321113, B322706 (Cal. Ct. App.): On July 12, 2024, the California Court of Appeal, Second District, reversed and remanded Gerro v. Shultz in part, holding that the trial court erred in dismissing George Continue reading →