California SB1208: Money laundering: digital assets.

What the bill says

An act to amend, repeal, and add Sections 186.9 and 186.10 of, and to add and repeal Section 186.13 of, the Penal Code, relating to crimes, and making an appropriation therefor. crimes, and making an appropriation therefor Money laundering: digital assets…

From the chaptered text, September 27, 2026:

An act to amend, repeal, and add Sections 186.9 and 186.10 of, and to add and repeal Section 186.13 of, the Penal Code, relating to crimes, and making an appropriation therefor. crimes, and making an appropriation therefor Money laundering: digital assets. Existing law makes it a crime to engage in money laundering, defined as conducting a transaction involving a monetary instrument of specified value through a financial institution with the specific intent to promote or facilitate criminal activity or knowing that the monetary instrument represents the proceeds of or is derived from the proceeds of criminal activity. Existing law establishes the Restitution Fund, a continuously appropriated fund in the State Treasury, to provide funding to compensate victims of crime. This bill would, until January 1, 2032, expand the crime of money laundering to include conducting a transaction involving a monetary instrument of specified value using digital assets, as defined. The bill would make other technical, nonsubstantive changes, as provided. By expanding the scope of a crime, this bill would impose a state-mandated local program. Existing law, the California Control of Profits of Organized Crime Act, establishes a procedure for the forfeiture of property and proceeds acquired through a pattern of criminal profiteering activity, as defined, upon the conviction of the underlying criminal offense, including money laundering, and requires the prosecuting …

Read the full official text

Sponsors

• Grayson, Timothy (D, SD09) · primary sponsor

Latest actions

1. September 27, 2026: Chaptered by Secretary of State. Chapter 483, Statutes of 2026.
2. September 27, 2026: Approved by the Governor.
3. September 4, 2026: Enrolled and presented to the Governor at 2 p.m.
4. August 28, 2026: Assembly amendments concurred in. (Ayes 40. Noes 0. Page 6076.) Ordered to engrossing and enrolling.
5. August 28, 2026: Assembly amendments concurred in. (Ayes 39. Noes 0.) Ordered to engrossing and enrolling.
6. August 27, 2026: Ordered to special consent calendar.
7. August 25, 2026: In Senate. Concurrence in Assembly amendments pending.
8. August 25, 2026: Read third time. Passed. (Ayes 75. Noes 0. Page 6474.) Ordered to the Senate.
9. August 25, 2026: Read third time. Passed. Ordered to the Senate.
10. August 20, 2026: Ordered to third reading.

Votes

• Special Consent SB1208 Grayson (August 28, 2026): 40 yea, 0 nay, passed
• SB 1208 Grayson Senate Third Reading By Stefani (August 25, 2026): 75 yea, 0 nay, passed
• Do pass as amended. (August 13, 2026): 11 yea, 0 nay, passed
• Do pass as amended and be re-referred to the Committee on [Appropriations] (June 30, 2026): 9 yea, 0 nay, passed
• Senate 3rd Reading SB1208 Grayson (May 19, 2026): 39 yea, 0 nay, passed
• Do pass as amended (May 14, 2026): 7 yea, 0 nay, passed

Common questions

What is SB1208?

SB1208 is a bill in the California Legislature (2025-2026 Regular Session): Money laundering: digital assets.

What does SB1208 do?

In its own words: An act to amend, repeal, and add Sections 186.9 and 186.10 of, and to add and repeal Section 186.13 of, the Penal Code, relating to crimes, and making an appropriation therefor. crimes, and making an appropriation therefor Money laundering: digital assets…

What is the status of SB1208?

Chaptered as of September 27, 2026. Latest action: Chaptered by Secretary of State. Chapter 483, Statutes of 2026. (September 27, 2026).

Who sponsored SB1208?

Grayson, Timothy (D, SD09).

Where is the official record for SB1208?

On the California Legislature website: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260SB1208