NEW: California Governor Gavin Newsom vetoed Assembly Bill 2269, saying it would be 'premature' to create a licensing regime specific to crypto without considering feedback from stakeholders and the cost of a new licensing structure. nikhileshde reports
, He signed 21 other bills, addressing issues ranging from crossing signals to cybersecurity to infrastructure concerns.to position California as the first state to establish a transparent regulatory environment that both fosters responsible innovation, and protects consumers who use digital asset financial services and products – all within the context of a rapidly evolving federal regulatory picture," Newsom wrote in a message explaining his veto.
"A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm," Newsom wrote in his letter.
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