California


Policy

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.

Kalin Metodiev, co-founder and managing partner of Nexo (Shutterstock/CoinDesk)

Videos

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.

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Policy

California 'BitLicense' Bill Vetoed by Gov. Gavin Newsom

The bill would have created a crypto licensing regime and set up rules for stablecoins.

California Gov. Gavin Newsom (Getty Images)

Policy

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.

California's state flag (Getty Images)

Policy

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.

(Shutterstock)

Policy

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.

California's state flag (Getty Images)

Videos

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.

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Policy

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.

The suit accuses Solana founder Anatoly Yakovenko of securities violations. (Danny Nelson/CoinDesk)

Policy

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.

California Governor Gavin Newsom

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