The Problem

California should be leading the future of digital finance. Instead, we are driving innovation, investment, and talent out of our state.

For decades, California was the best place in the world to build transformative technologies. Today, companies and entrepreneurs are increasingly looking elsewhere because of overregulation, political uncertainty, and rising costs.

The global race for leadership in digital assets and blockchain technology is already underway. States like Texas and Wyoming, along with other countries, are competing aggressively for jobs, investment, and innovation. California has every advantage needed to lead, but bad policy decisions are pushing that opportunity away.

Digital assets, blockchain networks, and stablecoins are becoming an important part of the future of finance and payments. If California falls behind, America falls behind with it.

Why This Is Happening

California’s leadership has adopted a “regulate first, figure it out later” approach to innovation.

Instead of creating clear rules that encourage responsible growth, policymakers have created uncertainty that drives companies and investment elsewhere. Companies should not have to guess what the rules are before they invest and build here.

California has already seen what happens when government makes it too difficult to build, invest, and innovate. We should not repeat those mistakes with one of the most important emerging technologies in the world.

The Plan

1. Create Clear Rules for Digital Assets

California should provide transparent and predictable rules for digital asset companies instead of overly broad regulations that create confusion and drive investment elsewhere.

California should clean up the Digital Financial Assets Law and ensure state rules complement emerging federal frameworks instead of conflicting with them.

2. Protect Participation in the Digital Economy

Californians should be free to securely control their own digital assets and lawfully participate in blockchain networks without unnecessary government interference.

California should end its misguided restrictions on staking and allow Californians to participate in lawful staking services.

3. Support Blockchain Innovation and Keep Crypto Jobs in California

California should be the best place in the world to build crypto companies and blockchain technology. We should lower barriers to building and stop driving companies, investment, and talent to other states and countries.

4. Protect Consumers and Crack Down on Fraud

Government has a responsibility to aggressively prosecute scams, fraud, and criminal abuse. But enforcement should target bad actors, not crush legitimate innovation and responsible companies.

Conclusion

California became successful because we built the future instead of fearing it.

We have the talent, entrepreneurs, and companies needed to lead the world in digital assets and blockchain technology. But leadership requires a governor who supports growth, encourages innovation, and creates clear rules instead of uncertainty and bureaucracy.

Instead of driving opportunities away, California should be the place where the future is built.