California Governor Gavin Newsum has signed an executive order on crypto and blockchain to create a comprehensive and consistent framework for the advancement of Web3 technology. “California is a global hub of innovation, and we’re building the state for success with this emerging technology,” the governor said.
The governor of California has issued executive orders on blockchain and crypto
Gavin Newsom, the governor of the state of California in the United States, signed an executive order Wednesday to “create a transparent and consistent business environment for companies operating in blockchain, including crypto assets and related financial technologies,” according to a statement issued by the office. Governor.
The notification states:
California has become the first state in the country to begin building a comprehensive and coherent framework for the advancement of responsible Web 3 technology.
Under Governor Newsom’s executive order, the state will “evaluate how to establish blockchain technology for state and government agencies and pave the way for research and workforce development to prepare Californians for success in this industry.”
The executive order aims to “create a pipeline of talent for emerging industries and use technology for the public good,” the statement added.
Governor Newsom commented: “California is a global hub of innovation, and we are building the state for success with this emerging technology.” He commented:
Often the government lags behind in technological advancement, so we are moving beyond its curve, laying the groundwork for consumer and business development.
The California executive order is based on President Joe Biden’s executive order on the control of crypto assets, which he signed in March.
What do you think about the issuance of an executive order on California Crypto, Blockchain and Web3? Let us know in the comments section below.
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