California Governor Gavin Newsom signed a bill on Friday to regulate the cryptocurrency industry in California. It is reported that nearly a quarter of blockchain companies in North America are located in the state. California legislators hope to establish new rules around cryptocurrency, as the issue has become more urgent after the collapse of FTX and other market turbulence last year. Since the federal government has not taken action, state lawmakers hope to establish a basic regulatory framework.
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California Governor Signs Cryptocurrency Regulation Bill
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