Gov. Newsom Moves to Embrace, Regulate Crypto Industry in California via Executive Order

Gov. Newsom Moves to Embrace, Regulate Crypto Industry in California via Executive Order
California Gov. Gavin Newsom speaks in Los Angeles, Calif., on Nov. 10, 2021. John Fredricks/The Epoch Times
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Governor Gavin Newsom this week touted California as being the first U.S. state to create a comprehensive regulatory framework for blockchain technologies and crypto digital assets, according to a press release.

Newsom signed an executive order on May 4 on cryptocurrencies which he said will “create a transparent regulatory and business environment for Web 3 companies” in the golden state.

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