California Governor Signs Cryptocurrency Regulation Bill

Odaily News California Governor Gavin Newsom signed a bill on Friday that will regulate the cryptocurrency industry in California. It is reported that nearly a quarter of North American blockchain companies are located in the state. California lawmakers want to create new rules around cryptocurrencies, an issue that has become more pressing after last year’s FTX collapse and other turmoil in the market. With no action from the federal government, state lawmakers want to establish a basic regulatory framework. (Bloomberg Law)