California 'BitLicense' Bill Vetoed by Governor Gavin Newsom

, He signed 21 other bills, addressing issues ranging from crossing signals to cybersecurity to infrastructure concerns.to position California as the first state to establish a transparent regulatory environment that both fosters responsible innovation, and protects consumers who use digital asset financial services and products – all within the context of a rapidly evolving federal regulatory picture," Newsom wrote in a message explaining his veto.

"A more flexible approach is needed to ensure regulatory oversight can keep up with rapidly evolving technology and use cases, and is tailored with the proper tools to address trends and mitigate consumer harm," Newsom wrote in his letter.

nikhileshde You know the Bitlicense is a scam when the person creating it gets paid to help a fund secure a Bitlicense 🙄

nikhileshde Great! 🙌👏👏 We don’t need that innovation stifling bitlicense nonsense out here in California. Comes to the table with something that makes sense for everyone.

nikhileshde Funny how easy it is to free criminals and blow money on fake social issues...but how hard it is to approve financial common sense. Must be bought and paid for by the hidden regime.

nikhileshde Thank you! 🤜🤛 GavinNewsom CAgovernor

nikhileshde I really can’t stand this guy. If my family didn’t live a few blocks away from me I would have moved a long time ago, but he did get this one right. I’m actually proud of my governor for once. whoknew

nikhileshde

nikhileshde What are your thoughts?

nikhileshde California doesn't have enough electricity to sustain themselves let alone crypto mining definitely don't have enough for electric vehicles thats for sure.

nikhileshde Smartest decision.

nikhileshde there's a 100% change this guy knows nothing about wtf he just vetoed. or, he couldn't extort any funds for himself,,so vetoed it . one or the other. nothing else

nikhileshde yea

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