California's Digital Financial Assets Law Approaches Deadline, Impacting Ripple and XRP
California’s DFAL law will take effect on July 1, requiring digital asset businesses to obtain a license or face operational restrictions. Ripple has not filed an application for compliance as of now, raising uncertainty around its operations in the state, including payments infrastructure and stablecoin RLUSD. The XRP price is currently below $1.10 amid this regulatory pressure.
Tickers: $XRP
Topics: California regulation DFAL Ripple XRP