On May 4, 2022, California Governor Gavin Newsom issued an executive order on digital assets largely echoing the positive sentiments of President Biden’s February executive order. The order looks to create transparent regulation around digital assets and drive innovation into the state. By directing state agencies to engage in a cooperative discussion with stakeholders and developers in web3, California sought to create an informed supplement to the federal report on digital assets, that were due in September 2022.
Authors: Jeremy McLaughlin and Christian A. Zazzali, K&L Gates LLP
This article was originally published on the website of K&L Gates LLP on May 10, 2022.
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