Crypto Industry Girds Itself for California’s New Licensing Law

Cryptocurrency companies are turning their attention to a California agency that will write regulations in the aftermath of a new law that will license the sector for the first time.

California lawmakers passed in September a bill (A.B. 39) to license the cryptocurrency industry, but the comprehensive regulations for the statute won’t come into effect until July 2025.

Gov. Gavin Newsom’s signature earlier this month marked a major milestone after he vetoed a similar bill last year. The Golden State, home to nearly a quarter of the blockchain companies in North America, will join New York as the ...