Gavin Newsom's executive order on digital assets will aim to establish a bridge between California businesses and blockchain technology.
Gavin Newsom’s executive order on digital assets will aim to establish a bridge between California businesses and blockchain technology.
Dee Dee Myers – Senior Advisor to governor Gavin Newsom – noted that the Western state is a preferred location for crypto-related companies. As such, the local authorities will aim to support their efforts with friendly legislation: Newsom’s executive order is designed to “create a transparent and consistent business environment for companies operating in blockchain, including crypto assets and related financial technologies.” The directive will “harmonize” federal and California laws and balance the benefits and risks to consumers when dealing with bitcoin and altcoins.
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