California’s governor has signed a new executive order promoting blockchain development within the state.
Gavin Newsom, governor of California, has signed an executive order to promote blockchain development in the U.S. state.
The executive order is broadly intended to promote responsible crypto development and ensure consumer protection. It also aims to create a consistent environment for businesses and attempts to harmonize laws at the federal and state level.
Finally, it will require the state to investigate how blockchain technology can be used in state and public institutions.
The new directive builds upon President Joe Biden’s executive order on cryptocurrency, released in March. That order had similar goals of protecting consumers and promoting innovation.