California governor vetoes controversial AI safety bill
Gavin Newsom vetoed SB 1048, saying that “while well-intentioned,” it could impose unnecessary restrictions on California’s emerging artificial intelligence companies.

Gavin Newsom vetoed SB 1048, saying that “while well-intentioned,” it could impose unnecessary restrictions on California’s emerging artificial intelligence companies.
Elon Musk has recently thrown his support for one of California's most controversial bills, the SB 1047, aimed at implementing rigorous safety tests for the development of artificial intelligence.
A new California law restricts cryptocurrency ATM transactions to $1,000 daily, aiming to curb fraud. Lawmakers seek a balance between industry support and consumer protection.
Navigating California's cryptocurrency regulation and anticipating potential industry consequences.
California becomes the first state to officially announce an investigation.
California's financial regulator brought enforcement actions against 11 little-known crypto companies, alleging they stole customer funds or operated like Ponzi schemes.
The Digital Financial Assets Law, which is similar to New York’s BitLicense, has been criticized by industry stakeholders.
The regulator also said in its view that certain crypto interest account providers were providing unregistered securities, such as BlockFi and Voyager.
Launched in 2018, Coinbase Pro is designed to feature unlimited trading volumes, supporting more than 250 cryptocurrencies.