Governor Gavin Newsom Vetoes Californian Version of BitLicense
Governor Gavin Newsom vetoed a bill that would have required Californian businesses that facilitate crypto transactions to register as money transactions. The bill would also have put strict limits on stablecoins that weren’t backed by banks or otherwise approved by the state Department of Financial Protection and Innovation. Newsom cited Executive Order N-9-22, which mandated … [Read more…]