The cryptocurrency sector could be the subject of new regulation in California, and industry lobbyists are pushing back to ensure their businesses can still operate under new proposed scrutiny.
The Golden State, home to nearly a quarter of the blockchain companies in North America, is trying to regulate the sector after last year’s collapse of the FTX exchange and other turmoil in the cryptocurrency market. With no looming federal action, state legislators want to put in a basic regulatory framework.
Source: Crypto Kiosks, Licensing Are Targets for California Lawmakers
