Blockchain Innovation Urged Through California Executive Order

California Governor Gavin Newsom has signed an executive order intended to spur blockchain innovation, making the Golden State the first in the U.S. to start creating a regulatory framework for Web3 companies.

The executive order signed Wednesday aims to create a “transparent” framework that coordinates federal and state efforts, balancing the benefits and risks to consumers while maintaining California’s values such as “equity, exclusivity, and environmental protection,” according to a press release.

“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,” Newsom ...