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California Gov. Newsom greenlights crypto regulation bill for 2025 By Cointelegraph - Modern Digital India
Thursday, May 28, 2026
International Investments

California Gov. Newsom greenlights crypto regulation bill for 2025 By Cointelegraph

By Isabella Margaret
California Gov. Newsom greenlights crypto regulation bill for 2025 By Cointelegraph
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California Governor Gavin Newsom has approved a cryptocurrency bill that enforces stricter regulations on businesses conducting crypto operations, set to begin in 18 months.

In a statement published on October 13, Newsom declared that the bill titled the ‘Digital Financial Assets Law,’ will make it mandatory for both individuals and firms to obtain a Department of Financial Protection and Innovation (DFPI) license to engage in digital asset business activities.

California Governor Gavin Newsom signing message, October 13. Source: CA.gov