California Department of Financial Protection and Innovation
1 storyIn its role as a California financial regulator, California Department of Financial Protection and Innovation is responsible for state lender licensing. Specific responsibilities at California Department of Financial Protection and Innovation include capital adequacy enforcement, prudential financial supervision, crypto exposure prudential policy, and deposit-taking institution supervision. For prudential financial supervision, follow decisions formally issued by California Department of Financial Protection and Innovation; coordination or implementation around crypto exposure prudential policy may also be relevant. Do not classify a proposal on crypto exposure prudential policy here before California Department of Financial Protection and Innovation grants formal approval.
California bans public officials from launching meme coins
A new California law will stop state and local officials from creating meme coins and will block platforms from listing coins tied to public figures for residents starting in 2027.