Governor Newsom vetoes a crypto regulation bill that required licenses to facilitate transactions; the bill was passed by the California Assembly last month (Nikhilesh De/CoinDesk)

Sam Reynolds / CoinDesk:
California Assembly passes a bill requiring crypto firms in the state to obtain a license and that stablecoins be issued by a bank; Governor Newsom must sign it  —  The Digital Financial Assets Law, which is similar to New York’s BitLicense, has been criticized by industry stakeholders.

Adi Robertson / The Verge:
California Governor Gavin Newsom signs AB 587 into law, requiring social networks to share moderation rules, despite concerns it may violate the First Amendment  —  California Governor Gavin Newsom has signed a law aimed at making web platforms monitor hate speech, extremism, harassment, and other objectionable behaviors.

Jamie Crawley / CoinDesk:
Binance will stop supporting the world’s second biggest stablecoin USDC and convert users’ USDC, USDP, and TUSD into its own stablecoin BUSD on September 29  —  The action effectively removes the world’s second biggest stablecoin USDC as a tradeable asset on Binance’s platform.

Natasha Singer / New York Times:
California Governor Gavin Newsom signs into law an online safety bill that puts limits on the data companies collect on minors; the law goes into effect in 2024  —  The bill could require many social media sites, games and other online services used by children to install protections for minors.

Cheng Ting-Fang / Nikkei Asia:
Huawei licenses key 5G tech to Oppo, amid a US crackdown, and says it has patent cross-licensing deals with 20 companies, including extended deals with Samsung  —  Chinese tech giant keen to make the most of its trove of intellectual property  —  PHOENIX, U.S. — Huawei Technologies …

Mat Di Salvo / Decrypt:
European Parliament approves Markets in Crypto Assets bill 28 to 1, which if passed in next vote will limit stablecoin token issuance, regulate mining, and more  —  The Markets in Crypto Assets regulation bill (MiCA) is one step closer to being put into law.