And this impacts Ripple — and the entire crypto sector in the largest state in the U.S. 👀
📜 WHAT IS THE DFAL?
If your business exchanges, transfers, stores, or manages digital assets for residents of California, you need a license under the Digital Financial Assets Law starting July 1, 2026 Yahoo Finance
It's a hard deadline: companies that haven't obtained a license, submitted a full application, or qualified for an exemption before July 1 won't be able to operate in California ⚠️ Yahoo Finance