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ARTICLE · 12 MAY 2022

Blockchain-Friendly Executive Order Issued By California Governor

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On May 4, 2022, Gavin Newsom, the governor of California, issued an executive order (the "CA EO") directing several state agencies to undertake projects to support the responsible development of blockchain technology.

United StatesTechnology
Matthew Bisanz
Matthew Bisanz
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On May 4, 2022, Gavin Newsom, the governor of California, issued an executive order (the "CA EO") directing several state agencies to undertake projects to support the responsible development of blockchain technology.1 The CA EO is broadly modeled on the similar executive order that US President Joe Biden issued in March 2022 ("Federal EO") and emphasizes in several places that California will base its actions off of those of the US federal government.2 As with the Federal EO, the CA EO does not provide much insight into what the outcome of the various projects will be and tempers its enthusiasm for blockchain technology with the countervailing concerns of consumer protection and climate change.

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