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 (Sam Reynolds/CoinDesk)

Nikhilesh De / CoinDesk:
Governor Newsom vetoes a crypto regulation bill that required licenses to facilitate transactions; the bill was passed by the California Assembly last month  —  The California Assembly passed the bill, which would create a licensing regime and stablecoin stipulations, at the end of August.

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.

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.

CNN:
Gov. Newsom signs a law forbidding California-based businesses from providing users’ personal info in response to other states’ abortion-related search warrants  —  Washington CNN Business —  California is attempting to stymie abortion prosecutions in other states by making it illegal …

Emma Camp / Reason:
Critics say the California Age-Appropriate Design Code Act, a digital privacy law for minors, could lead to invasive age verification methods like face-scanning  —  While the California Age-Appropriate Design Code Act was hailed as a victory for digital privacy, critics warn of a litany of unintended consequences.

Chelsey Cox / CNBC:
The SEC asks US public companies to disclose their exposure and risks related to crypto assets after “recent bankruptcies and financial distress”  —  – The SEC is advising companies to disclose their involvement with digital commodities firms, according to guidance released Thursday.