SACRAMENTO — Gov. Gavin Newsom May 4, signed an executive order that aims to create a transparent regulatory and business environment for web3 companies which harmonizes federal and California approaches, balances the benefits and risks to consumers, and incorporates equity, inclusivity, and environmental protection.
Under this executive order, pursuant to the California Consumer Financial Protection Law passed in 2020, California will begin the process of creating a regulatory approach to spur responsible innovation while protecting California consumers, assess how to deploy blockchain technology for state and public institutions, and build research and workforce development pathways to prepare Californians for success in this industry.
The executive order sets California on a path to harmonize with forthcoming federal rules and guidelines, to create regulatory clarity for businesses and protect consumers.
A burgeoning industry, crypto assets and blockchain technology surpassed a $3 trillion market cap last November, up from $14 billion just five years prior.
Details: www.gov.ca.gov/wp-content/uploads/Blockchain
SACRAMENTO – Gov. Gavin Newsom April 27, announced $68.6 million in awards for six new Homekey projects throughout California. When fully operational, the projects will provide 231 housing units for people experiencing, or at risk of experiencing, homelessness. Since the announcement of the $2.75 billion extension of Homekey last year, the state has approved 61 projects that will create more than 3,400 housing units for unhoused Californians, for a total allocation of more than $968 million. The Governor’s homeless housing investments will provide more than 55,000 new housing units and treatment slots in the coming years. The California Blueprint proposes an additional $2 billion investment in behavioral health housing and encampment rehousing strategies, creating a total $14 billion package to confront the homelessness crisis.
The Housing Authority of the City of Los Angeles or HACLA will receive $9.5 million for the 10150 Hillhaven project, which is a 34-unit, new construction multifamily property providing permanent supportive housing targeted for people who are at-risk of, or are experiencing homelessness. On-site support services will include case management, service coordination, education and employment services, and transportation. Off-site amenities, located within a half mile of the project include a transit stop, full-service grocery store, health facility and a pharmacy.
SACRAMENTO – Governor Gavin Newsom April 26, announced the following appointments: Naomi Porter, 17, of Los Angeles, has been appointed to the State Board of Education effective August 1, 2022. Porter has been a Student Advisor at the Los Angeles County Office of Education since 2021. She has been HOBY Delegate at Hugh O’Brian Youth Leadership since 2020. Porter has been Founder and Executive Director at EntrepreYOUership since 2019. She has been Chief Executive Officer at Bright Futures since 2018. Porter was a Fellow at Civics Unplugged in 2021. She was Vice-President of the Pier to Pier Walk Board at the Friendship Foundation in 2020. Porter was an Intern at Girl Scouts of the USA from 2019 to 2021. This position does not require Senate confirmation and the compensation is $100 per diem. Porter is not registered to vote.
On April 27Adonia E. Lugo, 38, of Los Angeles, was appointed to the California Transportation Commission. Lugo has been Interim Chair and Teaching Faculty at Antioch University Los Angeles since 2015. She was Global Sustainability Resource Center Manager at the University of California, Irvine in 2017. Lugo was an Adjunct Instructor at California State Polytechnic University, Pomona in 2017 and at California State University, Los Angeles from 2015 to 2016. She was Equity Initiative Manager at the League of American Bicyclists from 2013 to 2015. Lugo is a member of the Untokening and the Los Angeles County Metro Community Advisory Council. She earned Doctor of Philosophy and Master of Arts degrees in Anthropology from the University of California, Irvine. This position requires Senate confirmation and the compensation is $100 per diem. Lugo is a Democrat.
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