Subscribe
‘Enforcement 40’ for 2020
Our Sponsors
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedInCalifornia Moves Forward to Allow Vital Records to be Issued on Blockchain
Californians will have the option of a blockchain-based delivery of their vital records after a new law was approved establishing the technology as an integral part of state recordkeeping. The state has been wrestling with a number of cryptocurrency proposals, and though Gov. Gavin Newsom vetoed a crypto licensing and regulation bill this week – […]
California ‘BitLicense’ Bill Vetoed by Governor Gavin Newsom
California Governor Gavin Newsom (D) vetoed a crypto licensing and regulation bill seen as a possible West Coast version of New York’s “BitLicense” on Friday. Assembly Bill 2269, sponsored by Assemblymember Tim Grayson (D), would have created a licensing regime for anyone hoping to facilitate crypto transactions, likening it to how money transmissions are currently […]
California’s crypto license: Lessons from New York’s BitLicense – Protocol
Regulating crypto at the state and local level “can backfire,” Malekan said. Crypto is a global industry, and companies can have users all over the world. “If local compliance is too hard,” he said, “then it might be best to just avoid it.” Regulators are in a tough spot, though: The coming federal crypto bill […]
California Assembly Passes Crypto Regulation Bill That Requires Bank-Issued Stablecoins
California Gov. Gavin Newsom is set to sign a recently passed bill that would require digital asset exchanges and other crypto companies to obtain a license to operate in the state. The Digital Financial Assets Law, dubbed California’s “BitLicense,” takes after New York’s BitLicense regulation, which came into effect in 2015. California’s law, if signed […]
California governor signs executive order on cryptocurrencies
Newsom is directing the state’s business and economic development office to work in collaboration with California’s Business, Consumer Services and Housing Agency and the Department of Financial Protection and Innovation. The order is designed to “create a transparent and consistent business environment for companies operating in blockchain, including crypto assets and related financial technologies, that harmonizes […]
Board Diversity Laws ‘Aren’t Optional,’ California AG Rob Bonta Warns – Bloomberg
The California Secretary of State posts reports on the status of compliance with the law. The state may impose fines, ranging from $100,000 to $300,000 per violation. So far, there have been few signs of enforcement. For those that don’t adhere to the law, “there are other steps that we can take.” The laws “aren’t […]
California Companies Are Rushing to Find Female Board Members – The New York Times
In September 2018, California became the first state to legally compel corporate board diversity with a law mandating that every public company in the state have at least one female director by the end of 2019. The law set off a scramble to find hundreds of female directors, many of whom don’t fit the traditional […]
California first U.S. state to mandate women on boards
Signed on Sept. 30 by Governor Jerry Brown, it will require that, by the end of 2019, each publicly traded company based in California must include one woman on their board of directors; the quota increases by the end of 2021 based on company size. The big question that faces the legislation: Can it survive […]