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A Surprise Crypto Bill Veto in California

The Breakdown

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California's Budget Isn't in a Dilemma

Governor Gavin Newsom vetoed the bit license copy cap bill that passed by a wide margin, 71 to zero in the assembly. The budget situation in california isn't in any sort of dire straits but tax revenue does force tough choices. Does the government want to have access to more fiscal support and social support, or does it want to burden itself with expensive regulatory departments? Some people argued that this bill would have created an office with a big budget attached that would have basically been sitting around not approving things.

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