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Cryptocurrency and blockchain, the electronic ledger technology still under considerable debate nationwide, could soon have a more commanding presence in California if lawmakers approve.
Elected representatives in the state Senate and Assembly have proposed several laws that would expand and clarify the use of blockchain and cryptocurrency in the public and private sectors as well as education — if they should clear the Legislature and win a signature from Gov. Gavin Newsom later this year. Here’s what our electeds are currently considering:
- State Senate Bill 1190, from state Sen. Bob Hertzberg, D-Van Nuys, would require the California Department of Technology (CDT) by Jan. 1, 2024, to create a “California Trust…