California Gov.
Gavin Newsom
issued an executive order on Wednesday aimed at fostering the development of the crypto industry within the state.
The order, the state said, makes California the first in the nation to begin creating a comprehensive framework for the high-profile, and sometimes controversial, industry. Other states, like New York and Wyoming notably, have crafted laws that address at least some aspects of the crypto markets.
Gov. Newsom’s order didn’t get into specifics, but said it would create a regulatory framework for the industry that would both foster innovation and protect consumers, look at ways to implement the technology within the state and public institutions, and build out research and workforce-development infrastructure.
“California is a global hub of…
