News & Analysis as of

Blockchain Cryptocurrency California

Proskauer - Blockchain and the Law

Enforceable Terms and Arbitration Provisions Important for Providers in Current Crypto Cyberthreat Environment

According to a recent Bloomberg Law article [subscription required], in the past year there has been a sharp decline in active civil suits against cryptocurrency exchanges, digital wallet, mobile phone providers and others...more

Allen Matkins

Court Finds FAC Adequately Pled DAO Was A Partnership Under California Law

Allen Matkins on

A Decentralized Autonomous Organization, or DAO, is a governance structure popular with devotees of cryptocurrencies and blockchain technologies.  It is decentralized because holders of tokens, rather than a board of...more

Orrick, Herrington & Sutcliffe LLP

Crypto lender to provide refunds to Californians

On March 27, the California Department of Financial Protection and Innovation (DFPI) announced that a New Jersey-based crypto lending platform has agreed to provide more than $100,000 in refunds to California residents. ...more

Fisher Phillips

What Employers Need to Know as California Passes New Blockchain Law But Declines Broader Regulation – For Now

Fisher Phillips on

California just passed a new law that will continue to keep the state front and center when it comes to the continued adoption of blockchain technology. However, at the same time, Governor Gavin Newsom vetoed broader...more

Brownstein Hyatt Farber Schreck

To Regulate or To Innovate?

CALIFORNIA GOVERNOR SIGNALS A DIFFERENT APPROACH TO MANAGING CRYPTOCURRENCY MARKETS - In the evening hours of Friday, Sept. 23, California Gov. Gavin Newsom quietly dispatched a controversial bill that sought to establish a...more

Sheppard Mullin Richter & Hampton LLP

Blockchain Game Developers and FinCEN: When are State Money Transmission Laws Applicable?

The rising prevalence of crypto and virtual currencies has invited the scrutiny of several regulatory bodies who continue to grapple with the unique challenges posed by blockchain technology, FinCEN being one prime example....more

Morgan Lewis - All Things FinReg

The California Crypto Rush—or Crypto Bust?

New cryptocurrency legislation awaits California Governor Gavin Newsom’s signature after passing the California Assembly on August 30, 2022. If signed into law, California’s Digital Financial Assets Law would create sweeping...more

Pillsbury - Internet & Social Media Law Blog

California Governor Issues Executive Order Aimed at the Regulation of Blockchain and Crypto Assets

On May 4, 2022, California Governor Gavin Newsom signed Executive Order N-9-22 to create a coordinated state regulatory approach for cryptocurrency and blockchain, with the further aim of harmonizing the state’s laws with...more

Sheppard Mullin Richter & Hampton LLP

California Regulator Seeks Comment on Future Crypto Guidance

On June 1, the California DFPI began formally seeking input from the public to assist in developing guidance and regulatory clarity for Blockchain and Crypto companies as directed by Governor Newsom’s Executive Order (which...more

Sheppard Mullin Richter & Hampton LLP

May 2022 Crypto Enforcement Actions and Regulatory Guidance Roundup

In May, we saw a slower month for crypto enforcement actions by state and federal regulators. See our March 2022 Crypto Enforcement Actions Roundup blog here where we discuss the regulatory guidance and jurisdiction of...more

Troutman Pepper

California Governor’s Blockchain Executive Order Calls for State and Federal Regulatory Harmony

Troutman Pepper on

On May 4, following in the footsteps of President Biden’s recent executive order (Federal EO), California Governor Gavin Newsom issued his own blockchain-related executive order (CA EO), making California the first among the...more

Fisher Phillips

California Continues the March Towards Blockchain with Sweeping Executive Order

Fisher Phillips on

California just took a huge leap forward in its innovation efforts when Governor Gavin Newsom issued an Executive Order establishing it as the first state in the nation to begin creating a “comprehensive and harmonized”...more

Jones Day

California Governor Orders Agencies to Create Transparent Regulatory Framework for Blockchain and Digital Assets

Jones Day on

California's governor issued an executive order requiring state agencies, led by the Department of Financial Protection and Innovation, to create a "transparent" regulatory framework for blockchain technologies and digital...more

Sheppard Mullin Richter & Hampton LLP

Governor Newsom Signs Blockchain Executive Order

In an apparent follow up to President Biden’s March Executive Order on Digital Assets (which we previously discussed here), this week, California Governor Gavin Newsom signed a similar executive order aiming to foster...more

Allen Matkins

DFPI Issues Cryptic Cryptocurrency Warning

Allen Matkins on

The California Department of Financial Protection is warning consumers that "companies that may be engaging in unlicensed activity and/or falsely advertising cryptocurrency products and services"...more

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