California Regulator Seeks Comments On Crypto Asset Related Financial Products

Allen Matkins
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Allen Matkins

In accordance with Governor Gavin Newsom's executive order, California's Department of Financial Protection & Innovation is soliciting coments concerning crypto asset related financial products.  The DFPI's invitation for comments seeks input  on regulatory priorities, regulation under the California Consumer Financial Protection Law, and supervision, and market-monitoring functions.   The invitation lists 16 specific questions, although commenters are not limited to responding to those questions.  The due date for comments is August 5, 2022.  

Comments may be submitted electronically to regulations@dfpi.ca.gov .  The subject line should  include “Invitation for Comments – Crypto Asset-Related Financial Products and Services ”.

Comments may also be mailed to:

Department of Financial Protection and Innovation, Legal Division
Attn: Sandra Navarro, Regulations Coordinator
2101 Arena Boulevard
Sacramento, CA 95834

[View source.]

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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