California is preparing for artificial intelligence (AI) integration, balancing benefits and risks in a detailed report, aiming for strategic regulation and workforce training in the GenAI economy.
Gavin Newsom ratified Assembly Bill 39, which is expected to be enacted in 2025, mandating businesses and individuals engaged in digital asset activities to adhere to the latest policies.
Gov. Gavin Newsom nixed the bill, which would have created a licensing regime for VASPs similar to New York’s BitLicense, calling for a more flexible approach.
The bill was passed by the state’s Senate and the Assembly this week and heads to the governor’s desk, who has until September 30 to approve it into law or veto it.
Under the order named "Executive Order N-9-22," the state hopes to incorporate its core values into creating a regulatory regime that is friendly to digital currency firms and protects consumers maximally.
