With the aim of exploring opportunities to deploy blockchain technologies to address public-serving and emerging needs in California, the Governor has signed an executive order encouraging bitcoin and other crypto businesses.
According to a press release (read pdf below) from the governor's office, California Governor Gavin Newsom issued an executive order (EO) today establishing the legal framework for companies working with bitcoin and other cryptocurrencies.
"GovOps shall explore opportunities to deploy blockchain technologies to address public-serving and emerging need," according to the EO.
If the state wants to know if a company is a good fit for a specific vendor demand, it will examine each company's specific use-cases and decide whether or not to accept vendors based on variables including environmental impact and relevance.
Members of the Governor's Council for Postsecondary Education are expected to foster a research and innovation environment in cryptocurre...