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California
California, New York Join Several States Ordering Crypto Lender Nexo to Halt Yield Product
Seven states have ordered a halt to Nexo’s “Earn Interest Product” accounts, accusing the company of improperly offering unregistered securities.

California Governor Gavin Newsom Vetoed 'BitLicense' Bill
California Governor Gavin Newsom (D) vetoed a bill that would have created a licensing regime for anyone hoping to facilitate crypto transactions, likening it to how money transmissions are currently overseen by the Money Transmission Act. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down what this means for crypto regulation.

California 'BitLicense' Bill Vetoed by Gov. Gavin Newsom
The bill would have created a crypto licensing regime and set up rules for stablecoins.

California Assembly Passes Crypto Regulation Bill That Requires Bank-Issued Stablecoins
The Digital Financial Assets Law, which is similar to New York’s BitLicense, has been criticized by industry stakeholders.

2 California Men Sentenced to Prison for $1.9M Crypto Grift
The founders of Dropil, Jeremy McAlpine and Zachary Matar, pleaded guilty to one count each of securities fraud last August.

California Is Investigating ‘Multiple’ Crypto Lending Companies
The state’s Department of Financial Protection and Innovation is looking at whether firms that have suspended customer withdrawals and transfers have violated its laws.

Solana Labs Faces Lawsuit; US Bans Crypto Holders From Writing Government Policies
A class action suit filed in California federal court accuses key players in the Solana ecosystem of illegally profiting from SOL. Separately, U.S. officials who invest in crypto are now banned from working on crypto-related policy that could affect the value of their assets.

Solana Labs, Multicoin Accused of Violating Securities Law by SOL Investor
Solana’s SOL token is an unregistered security whose insiders have benefitted while retail suffered, the suit alleged.

California Governor Signs Executive Order to Spur Crypto Industry in the State
The order prompts the creation of a regulatory framework for blockchain technologies and crypto financial assets.
