California · CryptoSlate
Fidelity’s $500,000 crypto settlement exits IRAs outside wallet-transfer terms
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
Fidelity Digital Assets’ $500,000 settlement with California adds a written-notice commitment if it stops offering ordinary retail crypto transfers.
Key facts
- Fidelity Digital Assets’ $500,000 settlement with California adds a written-notice commitment if it stops offering ordinary retail crypto transfers
- Attorney General Rob Bonta announced the deal Oct. 16 over allegations about past withdrawal restrictions at Fidelity Digital Asset Services
- The company agreed to pay the attorney general $500,000 in recognition of investigation-related fees and costs and to settle the released potential claims
- The agreement describes a period from November 2022 through April 2025 when California retail customers could buy and sell crypto but could not transfer it directly off the platform
Summary
01 Fidelity’s $500,000 settlement requires written notice if retail crypto transfers end, while preserving restrictions for security. 02 Fidelity Crypto IRAs are excluded from the transfer obligations, and the product remains unavailable in California and Oregon. 03 California customers already had ordinary transfers by June 2025; the agreement’s planned IRA launch still has no stated date. Attorney General Rob Bonta announced the deal Oct. 16 over allegations about past withdrawal restrictions at Fidelity Digital Asset Services.