California Governor Signed Executive Order That Boosts Crypto Adoption

The mass adoption of digital assets is going great these days all over the world. Check out the latest reports in the US that come to confirm this.

CoinDesk just reported that the California Governor Gavin Newsom signed an executive order on Wednesday to “create a transparent regulatory and business environment for Web 3 companies” in the state, according to a press release.

Under the order, as well as the California Consumer Financial Protection Law passed in 2020, the state will create a “transparent and consistent business environment” for blockchain-related companies, including digital assets projects and those of related financial technologies.

According to the latest reports, California will also collect stakeholder feedback to create crypto-asset regulations in conjunction with federal authorities. More than that, it will also assess the use of blockchain technologies for state and public institutions, and create paths for blockchain-related research and work development programs.

Regarding the subject of regulation, California plans to coordinate with Washington, D.C., for advice based on the crypto federal executive order that President Joe Biden signed in March.

“California is a global hub of innovation, and we’re setting up the state for success with this emerging technology – spurring responsible innovation, protecting consumers and leveraging this technology for the public good,” Newsom said in a statement.

“Too often government lags behind technological advancements, so we’re getting ahead of the curve on this, laying the foundation to allow for consumers and business to thrive.”

Other than this, we recently revealed that Michael Saylor is addressing the Joe Rogan show which brings up Bitcoin. Check out the video that Saylor shared on his social media account.

Important conversations are taking place on the @joerogan show, and the world is beginning to understand that #bitcoin is freedom money. pic.twitter.com/aUJZU4jeRO

— Michael Saylor⚡️ (@saylor) May 4, 2022

Someone commented: ‘@joerogan you should have Saylor on your pod to really explain #bitcoin.’

More people said that Rogan should invite Saylor to his show so that he can explain all things crypto.