The catastrophic collapse of FTX has once again placed the cryptocurrency industry in the crosshairs of policymakers with calls for more regulation and tougher rules. The headwinds of bad press, the perception that crypto is un- or under-regulated, and the betrayal felt by so many consumers who held funds with FTX, could not come at…
California takes another big step toward the realization of its ambitious regulatory vision for cryptocurrency business in the state. If you’re running a crypto business in the state, here’s what you need to know and do. California seems pretty serious about its cryptocurrency regulatory framework, with the state once again making big moves to roll…
*First published in CrossTech Magazine – 5th Edition on July 25, 2022; “California: Next Frontier” in Cryptocurrency, talks about California’s cryptocurrency regulations and Gov. Gavin Newsom’s signed executive order. This article explains the order and how this new regulation of cryptocurrency will affect the crypto ecosystem.* California: Next Frontier In Cryptocurrency California is making…
AB 2269 vetoed. Here’s how California moves forward with sensible, effective cryptocurrency regulation. On Friday, Governor Gavin Newsom vetoed California Assembly Bill 2269 (AB 2269). The bill would have effectively required ANY individuals or entities engaged in exchanging, transferring, storing, or other activities to obtain a license from the California Department of Financial Protection and…
