Bitcoin Closer to Attaining Lawful Money Status in California

http://www.coindesk.com/bitcoin-clos...ey-california/

How is "lawful money" defined in this legislation and how does it relate to 12 USC 411?

Quote:

---

Notably, the proposed law would not designate digital currencies as legal tender, rather as lawful money that may be accepted for goods and services.

Legal tender, by comparison, constitutes a federally sanctioned currency that can unquestionably be used to settle debts or obligations.

---

I'm more in favor of internet decentralized Bitcoin currency than federally sanctioned centralized fiat, still currently in its early adoption phase.

I have seen no reason to relate bitcoin to lawful money.