California Gov. Newsom vetoes crypto licensing and regulatory framework
Cointelegraph
Published Sep 25, 2022 03:45AM ET
Updated Sep 26, 2022 06:20AM ET
Adding to the existing regulatory hurdles for the crypto ecosystems, California Governor Gavin Newsom refused to sign a bill that would establish a licensing and regulatory framework for digital assets.
Assembly Bill 2269 sought to allow the issuance of operational licenses for crypto companies in California. On Sept. 1, the California State Assembly passed the bill with no opposition from the assembly floor and went on to the governor’s office for approval.
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Written By: Cointelegraph
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