By Elise Hansen (Could 4, 2022, 6:04 PM EDT) — California Gov. Gavin Newsom on Wednesday signed an govt order calling on the state to craft a regulatory framework for blockchain and cryptocurrency firms that balances innovation with client safety.
Newsom additionally requested the state to contemplate how blockchain expertise might be utilized by state and public establishments. The initiative is supposed to construct on President Biden’s current govt order calling for a extra complete method to cryptocurrency oversight, the announcement mentioned.
Newsom’s order emphasizes the significance of regulatory readability for the quickly rising trade. The transfer “units California on a path to harmonize with forthcoming federal guidelines and tips, to…
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