Governor has vetoed the California ‘BitLicense’ Bill
Gavin Newsom rejected a crypto licensing and regulatory measure. He signed 21 bills addressing subjects relating to traffic signals. California is the first state to establish a transparent regulatory environment for responsible innovation. On Friday, California Governor Gavin Newsom (D) rejected a crypto licensing and regulatory measure considered as a possible West Coast equivalent of New York’s “BitLicense.” Assembly Bill 2269, introduced by Assemblymember Tim Grayson (D), would have established a licensing regime for anybody wishing to assist crypto transactions, similar to how the Money Transmission Act now oversees money transfers. It was one of eight laws vetoed by Newsom
