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@bggnbo2o2
California's crypto regulator needs extra funds to launch licensing programs by July 2026. A $193 million gap must be filled for projects like the Digital Financial Assets Law. The 2023 law sets rules for crypto firms operating in the state. California joins a few states creating license systems for this trillion-dollar industry. The goal is better consumer protection and fraud prevention. Meanwhile, the U.S. Senate is working on federal crypto regulations.
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