DFPI Monthly Bulletin – May 2022

Governor Newsom Signs Blockchain Executive Order

Governor Gavin Newsom announced on May 4 an executive order to foster responsible innovation, bolster California’s innovation economy, and protect consumers. It aims to create a transparent regulatory and business environment for web3 companies which harmonizes federal and California approaches, balances the benefits and risks to consumers, and incorporates California values such as equity, inclusivity, and environmental protection. 

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