California Attorney General Rob Bonta announced a $500,000 settlement with Fidelity Digital Asset Services on October 16 over past restrictions on customers moving purchased cryptocurrency to their own wallets. California says the restrictions violated state rules requiring physical delivery in certain commodity transactions; Fidelity disputes that its conduct breached state law. Fidelity told investigators it had been waiting for New York regulatory permission to allow external withdrawals, which it enabled after receiving approval in April 2025.
