California ‘BitLicense’ Bill Vetoed by Governor Gavin Newsom cryptomarketbag

“On May 4, 2022, I issued Executive Order N-9-22 establishing California as the first state to establish a transparent regulatory environment that fosters responsible innovation, and enables digital assets, financial services and Protects consumers who use the products – all within the context of the rapidly evolving federal regulatory picture,” Newsom wrote in a message explaining its veto. “Over the past several months, my administration has conducted extensive research and outreach to gather input on the approachIthat balances benefits and risks to consumers, harmonizes with federal regulations, and incorporates California values ​​such as equity, inclusivity and environmental protection.”

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