The original headline is about California DFAL becoming operative, covering stablecoins, enforcement, custody, and what's next.

Short summary

California's Digital Financial Assets Law (DFAL) became operative July 1, 2026, with SB 97 repealing its standalone stablecoin chapter to defer to federal frameworks. Pending bills address money laundering enforcement (SB 1208), unclaimed digital asset reserves (AB 2335), public-official meme coin restrictions (AB 2409), and fiduciary access to digital assets (AB 2199). The failed DFAB bill (AB 2285) would have enabled state-chartered banks to offer crypto custody and staking services.

• •DFAL operative as of July 1, 2026; SB 97 removes standalone stablecoin chapter while preserving licensing framework
• •Pending bills target AML enforcement, unclaimed digital asset reserves, public-integrity rules, and fiduciary access
• •Failed AB 2285 (DFAB) would have allowed state banks to offer digital asset custody and staking, likely to return next session

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