California Breakthrough Project: Newsom Blockchain Task Force
Di California Breakthrough Project na beta blockchain task force wey Governor Gavin Newsom start during US Crypto Week. Dem bring executives from Coinbase, Ripple and MoonPay together. Di group hold dia first meeting on June 6 for Ripples san Francisco office. Government officials and industry heads go check how blockchain fit make record keeping easy, speed up license check, plus make benefit payment simple. Di project want make state services transparent and efficient. Dem never talk any specific pilot projects but the one wey dey for panel show say dem go try payment system and data management. Report from California Business, Consumer Services and Housing Agency talk say 25% of North America blockchain firms dey di state. Di Breakthrough Project na di first big move to modernize public services wit distributed ledger technology. Di launch dey come as crypto political activity dey rise. Fairshake PAC don raise $141 million to support pro-crypto candidates as stablecoin law dey stuck for Congress. Traders suppose look out for pilot program talk and regulatory signs.
Bullish
Di laun lau di California Breakthrough Project don show say blockchain dey waka wella for government service dem. For short term, e fit be say market no go too do much until dem talk say dem go start pilot projects. But di partnership wey dem get wit beta company dem like Coinbase, Ripple and MoonPay plus di state wey get 25% of North America blockchain company dem, e dey make people believe say regulation go support and infrastructure go grow. For long term, dis move fit make blockchain solution and token dem demand grow, e go support better positive vibes for crypto sector.