Newsom signs crypto regulation bills

Newsom had vetoed similar legislation last year.
California Gov. Gavin Newsom at a press conference Tuesday, April 25, 2023, in Corcoran, Calif. (AP Photo/Marcio Jose Sanchez)

California Gov. Gavin Newsom (D) on Friday signed into law a pair of measures aimed at placing guardrails on the cryptocurrency industry after a year of high-profile failures and devaluations rattled the nascent marketplace.

The new laws promise to catapult California into league with New York as the states with the strictest regulations on cryptocurrency markets.

Stay informed
Subscribe to keep reading.

Sign up today to get the latest state new at your fingertips and in your inbox.