California Governor Vetoes Bill Regulating Cryptos PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Guvernatorul Californiei respinge proiectul de lege care reglementează cripto-urile

More than a decade after the introduction of Bitcoin, millions of Americans now hold some kind of digital token. Bitcoin, the largest crypto in the world, boasts mai mult de 80 de milioane de utilizatori globally while Ethereum is poised to become just as big after the conclusion of the long-awaited ETH merge. În total, există peste 12,000 de criptomonede în lume.

But despite the immense popularity of digital tokens, few standard crypto regulations exist in the United States. And since decentralized blockchain technology allows for private and secure transactions, the crypto market has unfortunately attracted plenty of criminal elements. Recent efforts to pass cryptocurrency regulations have also been unsuccessful. In California, for example, Governor Gavin Newsom vetoat un proiect de lege that would have created a regulatory framework for crypto regulation.

Surprisingly, news of Bill de montaj 2269’s failure was met with praise by the crypto industry. Newsom called the legislation “premature” in a memo outlining the veto decision, stating that California needed a “more flexible approach” to regulating cryptocurrency as blockchain was still young and evolving. With 71 affirmative votes, no nays and nine abstentions, the bill came with plenty of support from the legislature.

It would have required cryptocurrency companies to obtain state-approved licenses before they could operate in the state of California. However, Newsom outlined the cost of implementing the crypto bill and said that it would force the state to take millions of dollars in loans to fund the creation of a crypto regulatory framework. He also believed that passing the bill right now, while the crypto market was still in flux and hadn’t matured, would be premature.

Newsom is waiting for the federal government to solidify its stance on cryptocurrency regulation as well as for the presentation of the results of an ordin executiv he issued in May. Dubbed executive order N-9-22, the order required that the Newsom administration research digital tokens and establish a state-based “transparent regulatory environment.”

Newsom says that it is still too early to codify a licensing structure in the statute without considering the executive order or developments at the federal level. He wasn’t the only one who wasn’t taken in by the crypto bill. A procryptocurrency technology policy coalition called Chamber for Progress that partners with FTX NE, Cerc, Meta, and Apple had reservations and asked for several revisions in June.

More specifically, the chamber didn’t want the state to ban algorithmic stablecoin licenses and asked for clarification on which cryptos would be regulated by the Departamentul de Protecție Financiară și Inovare.

While it would be beneficial to blockchain companies such as Canaan Inc. (NASDAQ: CAN) for a regulatory framework to exist guiding all activities within the industry, it is more important for those regulations to be well thought out so that they foster rather than hinder the growth of this nascent industry.

Despre CryptoCurrencyWire

CryptoCurrencyWire („CCW”) este o companie de distribuție de știri și conținut financiar care oferă (1) acces la o rețea de servicii prin cablu prin InvestorWire pentru a ajunge la toate piețele țintă, industriile și datele demografice în cel mai eficient mod posibil, (2) articol și sindicare editorială către peste 5,000 de știri, (3) servicii de comunicate de presă îmbunătățite pentru a asigura un impact maxim, (4) distribuirea social media prin IBN ( InvestorBrandNetwork) către aproape 2 milioane de adepți și (5) o gamă completă de soluții de comunicații corporative Ca organizație multifacetică cu o echipă extinsă de jurnaliști și scriitori care contribuie, CCW este poziționată în mod unic pentru a servi cel mai bine companiilor private și publice care doresc să ajungă la o publicul investitorilor, consumatorilor, jurnaliștilor și publicului larg. Prin reducerea supraîncărcării de informații pe piața actuală, CCW aduce clienților săi vizibilitate, recunoaștere și conștientizare a mărcii fără egal. CCW este locul în care converg știrile, conținutul și informațiile despre cripto.

Pentru a primi alerte instantanee prin SMS de la CryptoCurrencyWire, trimiteți mesajul „CRYPTO” la 844-397-5787 (numai telefoane mobile din SUA)

Pentru mai multe informații, vă rugăm să vizitați https://www.CryptoCurrencyWire.com

Vă rugăm să consultați condițiile complete de utilizare și responsabilitățile de pe site-ul web CryptoCurrencyWire aplicabile tuturor conținuturilor furnizate de CCW, oriunde este publicat sau re-publicat: https://CCW.fm/Disclaimer

CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Birou
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire face parte din InvestorBrandNetwork.

Timestamp-ul:

Mai mult de la CryptoCurrencyWire