Inside California’s Digital Financial Asset Law: A Conversation with State Regulators
Hear about California’s digital asset process and what it could mean for your state.
FEATURED SPEAKERS
Key Metrics
4th
Largest economy in the world — California DFPI oversee oversees a high volume of licensed crypto businesses
28mo
Since the first parts of California’s Digital Financial Assets Law (DFAL) went live
2mo
Since California’s DFAL licensing portal opened - one of the first such licensing programs in the United States
SESSION AGENDA
What You'll Take Back to Your Desk
- Key considerations DFPI has navigated while developing its DFAL licensing program
- How agencies can apply a risk-weighted framework to application review
- What regulated firms need from licensing authorities to support a clear, consistent, and effective process
- Practical ways agencies can support transparency and open communication with applicants
- Which engagement methods proved most valuable in fostering productive dialogue with stakeholders
- What learnings have been implemented in the 28 months since go live
- Explore verified profiles for crypto service providers — enriched with licensing, jurisdiction, and KYC-related data — to make data-driven supervision decisions faster
- Monitor entities on a custom watchlist: catch changes in risk score, volume deviations, and exposure to high-risk or illicit activity before your next exam cycle
- Rely on TRM's continuously updated intelligence — an average of 1,000 new off-chain data points added to entity profiles every week
- Real-time, aggregate view of all digital asset activity in your jurisdiction — not reports, live data
- Benchmark any licensee against peers; surface the outliers before they become problems
- Ben Braik-Scivyer demos the RTS state-level dashboard live — using real data from public digital asset markets
FEATURED SPEAKER
Brynly Llyr
Deputy Commissioner for Digital Financial Assets · California DFPI
Brynly Llyr has one of the most unique vantage points in digital asset regulation today. She's not a career regulator who studied crypto from a distance — she spent years building inside the industry before moving to the other side of the table.
Before joining DFPI, Brynly served as General Counsel at Ripple and Celo, was the head of blockchain policy at the World Economic Forum, and held roles at PayPal and eBay. She knows what it looks like building digital asset frameworks, and she brings that perspective to how California approaches oversight.
Now she leads DFPI's digital asset program as the state implements the Digital Financial Assets Law (DFAL) — one of the most comprehensive state crypto licensing frameworks in the country.
A conversation on California’s Digital Financial Asset Law
June 4, 2026 | 12:00 - 1:00pm ET | REGULATORS ONLY