States, not Washington, will lead crypto regulation in 2024

While Presidential candidates tour the country, hoping to court the crypto community with federal policy frameworks and tax proposals, it’s governors and legislatures at the state level that are taking decisive action on meaningful digital asset regulations. 

Blockchain enthusiasts focusing only on what’s happening around Washington are missing the forest for the trees. 2023 was a pivotal year for state digital asset policy, and 2024 promises even bigger implications for both businesses and consumers. 

This year was dominated by California Governor Gavin Newsom’s signing of Assembly Bill 39 into law. The bill, the Digital Financial Assets Law (DFAL), establishes comprehensive…

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