Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥
Key Takeaways
Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥
Governor Gavin Newsom has introduced a new panel aimed at improving the way California’s government operates, with the help of leaders in the blockchain industry.
According to Eleanor Terrett's X post on July 15, this group, known as the California Breakthrough Project, includes executives from Coinbase
The state appears interested in learning how tools like blockchain could make public services faster and more open.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
What is the Metaverse? (Meaning + Animated Examples)
The group held its first meeting on June 6 at Ripple’s headquarters in San Francisco. Its goal is to bring state officials and business leaders together to find better ways of working, fix common problems, and improve how people interact with government services.
Those chosen to join the panel bring a range of knowledge. Ripple can share its experience with payment systems, Coinbase brings expertise in running large digital platforms under regulation, and MoonPay offers ideas from its work on consumer products.
Newsom confirmed the project and stated:
As the birthplace of modern tech, our state is uniquely positioned to bring the best and the brightest together to advance our work.
The governor has not said exactly what role blockchain will play in the project’s work. However, the choice of advisors suggests the state could test how blockchain can help in areas like keeping records accurate, speeding up license checks, or simplifying how benefits are paid.
Recently, New York Attorney General Letitia James urged Congress to amend the STABLE Act and the GENIUS Act. What did she say? Read the full story.
To ensure the highest level of accuracy & most up-to-date information, BitDegree.org is regularly audited & fact-checked by following strict editorial guidelines & review methodology.
Carefully selected industry experts contribute their real-life experience & expertise to BitDegree's content. Our extensive Web3 Expert Network is compiled of professionals from leading companies, research organizations and academia.