California Governor Newsom Signs Executive Order to Regulate State's Crypto Industry

One U.S. state known for being the birthplace of technical innovation is now moving to embrace cryptocurrency as no other state has before. California Gov. Gavin Newsom signed an executive order last week to begin crafting regulations for digital currencies in the state. It comes after President Biden signed a similar executive order in March, which calls on the Federal Reserve to consider whether it should create its own digital currency. Jarrod Loadholt, Partner Ice Miller LLP, joins Cheddar News to discuss how California's new executive order will impact the state's economy and the broader crypto industry.
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