California Governor Gavin Newsom signs bill regulating crypto
Governor Gavin Newsom of California has signed a bill that will regulate the state’s crypto sector and require digital asset companies to get licenses. According to Bloomberg Law, Newsom has enacted two significant crypto -related legislative measures. Today California is taking the necessary step to regulate a market that is volatile, risky, and, in some cases, deliberately rigged against everyday consumers. Thank you to Governor Newsom for helping ensure that our state leads in fostering responsible innovation. #AB39 #SB401 pic.twitter.com/QnPTdNALWS — Tim Grayson (@AsmGrayson) October 14, 2023 The new laws aim to create a solid regulatory framework for crypto currency businesses and amplify data privacy protections for Californians. California’s state legislature passed the crypto bill in August 2023, almost a year after Gov. Newsom vetoed a similar one, claiming the state needed a more flexible approach to virtual currency regulation. Per the Bloomberg Law repor...