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California Governor Gavin Newsom Signs Executive Order for Crypto Regulatory Framework in Golden State

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The governor of the largest US state by population is signing an executive order to boost and regulate blockchain technology within the state.

Governor Gavin Newsom of California signed an executive order on Wednesday, April 5, to create a regulatory framework that encourages blockchain innovation while protecting consumers.

“Under this executive order, and pursuant to the California Consumer Financial Protection Law passed by the Legislature in 2020, California will begin the process of creating a regulatory approach to spur responsible innovation while protecting California consumers, assess how to deploy blockchain technology for state and public institutions, and build research and workforce development pathways to prepare Californians for success in this industry.”

Governor Newsom says the order, which builds on President Biden’s recent crypto-focused executive order, will help California leverage blockchain technology for the…

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