California Governor Rejects Cryptocurrency Bill: A more flexible bill should be introduced

California Governor Gavin Newsom has refused to sign the bill to create a regulatory framework for issuing operational licenses to cryptocurrency companies in the state.

California State Assembly 2269 On September 1, the bill passed to create a regulatory framework for the issuance of operational licenses for crypto companies operating in California, No. unanimous vote and submitted to the governorship.

California Governor Newson, September 23 to parliament by rejecting the bill on “a more flexible approach” suggested.

Governor’s bill consumers’ safety and associated costs over time, taking into account will develop He refused, proposing the creation of a bill. The current version of the bill tens of millions dollar debt Gavin Newson stated that such an important resource should be included in the budget later. not found suitable stated.

Before Newsom worked with a legislature to establish regulatory frameworks for licensing federal regulations on digital financial assets more precise He stressed that he expects it to happen.

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