California governor signs executive order shaping cryptocurrency regulation in the state
by Emma Roth from The Verge - All Posts on (#5Z13E)
Governor Gavin Newsom's executive order aims to create a transparent and consistent business environment" for businesses in crypto. | Bronte Wittpenn/The San Francisco Chronicle via Getty Images California Governor Gavin Newsom signed an executive order on Wednesday that lays the groundwork for bolstering and regulating the cryptocurrency industry in the state (via CNBC). As outlined in the executive order, Newsom's goal is to create a transparent and consistent business environment for companies operating in blockchain," that balances the benefits and risks to consumers."
The executive order calls upon the California Governor's Office of Business and Economic Development (GO-Biz) to collaborate with the state's Department of Financial Protection and Innovation (DFPI) and Business, Consumer Services and Housing Agency (BCSH). Together, the state agencies are tasked with devising potential blockchain applications and...