California Governor Gavin Newsom approved a crypto licensing bill that is set to enforce a structural framework for businesses conducting operations in the crypto industry and is set to take effect in July 2025. 
On Friday, October 14, 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 if they want to continue operating in California….
Read More: California Governor Signs “BitLicense” Crypto Licensing Bill Into Law, Effective July 2025