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Fortune

Leo Schwartz

California’s crypto bill reveals the fractured state of digital asset regulation

Crypto California Gavin Newsom Leo Schwartz Leo Schwartzleoschwartzfortunecomleomschwartz Adrienne Harris New York

(Credit: Justin Sullivan—Getty Images)

Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.

Fridays are typically reserved for news dumps, and last week’s may have been a historic opportunity, with Crypto Twitter catching its breath after Caroline Ellison’s staggering testimony and using its remaining energy to opine on geopolitical tragedies.

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