Should the wild, wild west be tamed? That's the question being asked in California about the crypto industry -- a financial sector that prides itself in being independent of most government regulators. But some want to change that.
"This is really an industry where it's sort of 'buyer beware' on steroids," said Robert Herrell, executive director of the Federation.
New York in 2015 became the first in the nation to require crypto companies to get a license they call a "bitlicense.""And literally when FTX collapsed, because of the protections that people in New York had, New Yorkers were better protected when FTX collapsed than California was," Herrell said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
California Aims To Boot Dirty Investment With California Fossil Fuel Divestment Act (SB 252)California continues to be a climate and cleantech leader. One of its big recent announcements in this regard is that state policymakers have introduced the California Fossil Fuel Divestment Act (SB 252). Naturally, this divestment
Read more »
Earthquake recovery continues on Northern California coastHumboldt County authorities have released the latest statistics on recovery from the December earthquake and aftershocks that struck the Northern California coast.
Read more »
Mortgage costs lock out California home buyersCalifornia’s housing market is less affordable after mortgage interest rates drove up costs for many potential buyers last year.
Read more »
Gimme Shelter: Can an obscure law unleash a lot more housing in California?With a majority of housing plans out of compliance with state housing law, developers could theoretically use a little-known law to kick building into high gear. On this week’s podcast, a housing law expert breaks down the untested “builder’s remedy.”
Read more »
Paddleboarder comes across mysterious, transparent sea creature off California coastThe long, gelatinous blob puzzled a California paddleboarder when he first came across it. He later found out it’s a sea salp measuring 2 to 3 feet long.
Read more »
Georgia soldier dies after suffering medical emergency during flight to California training centerPfc. Kaleb Franklin, 26, died after suffering a medical emergency while on a flight to the National Training Center in California this week, U.S. Army officials said.
Read more »