The executive order signed by California’s governor also calls for entities to incorporate these technologies into their operating models.
Gavin Newsom, the current governor of the U.S. state of California, today signed an executive order requesting several state agencies to closely study cryptocurrencies and networks. Blockchain, encouraging them to incorporate such technologies to improve their operational processes and enhance their services to residents.
On the executive order signed by the governor of California
According to information published by various media outlets, the executive order signed by Newsom involves the Governor’s Office of Business and Economic Development, just so that it can work hand in hand with the Business, Consumer Services and Housing Agency as well as with the Financial Innovation Protection Department to jointly adopt a regulatory approach applicable to cryptocurrencies and their underlying technology.
Governor Newsom’s request follows in the same footsteps as the executive order signed by U.S. President Joe Biden, which at the time urged various government agencies to unify efforts and closely explore cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. applications and Blockchain, It is expected that in the coming months the coalition of organizations will present a report with the results of the respective investigation.
Entre las especificidades del asunto, se establece que dentro de los 60 días posteriores al momento en el que las agencias gubernamentales presenten sus recomendaciones al presidente Biden sobre el tema, los organismos en California deben hacer lo propio con Newsom para dar directrices sobre el abordaje regulatorio que podrían aplicar a nivel estatal. Se establecieron como prioridad dentro del tema los aspectos asociados al consumo energético, el impacto ambiental y la prevención de actividades ilícitas.
The agencies involved will also have the responsibility to explore the usefulness of Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. at the level of their operations, as the decree calls for them to link this technology into the functioning of their processes. It is envisaged that agencies will also request information from the private sector, who will be able to advise on research strategies for a better approach.
U.S. regulatory emphasis
The new announcement by the governor of California adds to the regulatory efforts promoted in several states in the U.S., which are mainly driven by legislators interested in the regulatory treatment applicable to these technologies.
According to information published by the National Conference of State Legislatures, To date there are a total of 37 states that are already promoting bills associated with cryptocurrencies.
Keep in mind that in the case of California, the state represents one of the largest economies in the world, so it could set the tone for other jurisdictions within the country.
- U.S. Federal Reserve Orders Another Half-Percentage-Point Hike in Interest Rates
- Senator Cynthia Lummins reveals that her crypto bill for the U.S. will not address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain).
- “It’s going to be very difficult for the U.S. to properly regulate cryptocurrencies,” says Charles Hoskinson
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash