California's Crypto Licensing Bill Up for Governor's Signature | Crypto

California’s Crypto Licensing Bill Up for Governor’s Signature

– A new bill in California, AB 2269, would require cryptocurrency businesses to obtain a special license to operate in the state.
– The bill’s goal is to protect Californians from “financial hardship and foster responsible innovation by licensing and regulating the activities of cryptocurrency exchanges.”
– If the bill is signed into law by Governor Gavin Newsom, it would take effect in January 2025.
– Some critics of the bill say it would stifle innovation by creating shortsighted, unhelpful restrictions.

California Bitcoin gID 1 California's Crypto Licensing Bill Up for Governor's Signature

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