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A Surprise Crypto Bill Veto in California

The Breakdown

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The Governor's Veto of the California Cryptocurrency Bill Is a Big Political Deal

The bill was extremely popular in the assembly. It received 71 yes votes, zero no votes and nine abstentions. The veto is one of eight bills vetoed by newsom on friday. After recording record budget surpluses in the previous two years, california tax revenues are currently coming in at four billion below forecasts.

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