California launches a business squad with Ripple, Coinbase and others

California Governor Gavin New Roosome launched a new government efficiency business that includes representatives from various encryption companies, which may indicate the state’s recognition that Blockchain technology can enhance public services.
Journalist Elianor Territ said on Tuesday that the work squad, which was called the “California penetration project”, took advantage of the executives from Ripple, Coinbase, Moonpay and others to “provide advice and enhance government efficiency and cooperation.”
According to Terrett, the work group held its opening meeting at the Ripple’s San Francisco headquarters on June 6. It aims to enhance cooperation between California and industrial leaders in the technology and business sectors, and to address governmentalism and transparency about public services.
The project was certain By Governor Newsom, who issued the following statement:
“As the birthplace of modern technology, our country is in a unique position to bring the best and bright together to enhance our work.”
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California is a home to the prosperous Blockchain industry
Although the Newsom Declaration did not explain whether Blockchain technology will support the project’s mission, California is home to hundreds of Blockchain companies that can provide an insight into enhancing innovation and transparency in government services.
According to California, consumer services and the housing agency Web3 interagency reportNearly 800 Blockchain companies in North America are headquartered in the state.
The report indicates that the boat cake in California’s Blockchain sector provides “an opportunity to take advantage of new types of entrepreneurship in Blockchain and consumer attention.”
California’s move comes to involve the composer intercourse Organizing momentum increased For digital assets in the United States, with Stablecoin and Market Struction legislation currently.
The newsom advertisement also coincided with US encryption weekWhich is scheduled to discuss the House of Representatives and vote on many bills related to encryption.
The week started with the House of Representatives Committee for the rules that review the law of controlling CBDC control, the law of the digital assets market (clarity) and the law GeniusA comprehensive framework for the US dollar stablecoins.
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