California
California Gov. Newsom vetoes crypto licensing and regulatory framework
Adding to the existing regulatory hurdles for the crypto ecosystems, California Governor Gavin Newsom refused to sign a bill that would establish a licensing and regulatory framework for digital assets. Assembly Bill 2269 sought to allow the issuance of operational licenses for crypto companies in California. On Sept. 1, California State Assembly passed the bill with no opposition from the assembly floor and went on to the governor’s office for approval. Letter of rejection from Gov. Mewsom. Source: leginfo.legislature.ca.gov Opposing the notion, Newsom recommended a “more flexible approach” that would evolve over time while considering the safety of consumers and related costs, adding: “It is premature to lock a licensing structure in statute without considering both this work (...
Is Portola the Best U.S. Electronic Festival Lineup of the Year? The Event’s Creator on a Show Six Years In The Making
This weekend’s debut Portola festival in San Francisco took six years to make happen. Launching tomorrow (September 24) at the city’s Pier 80, the two-day event was conceived by Danny Bell, VP Talent Buyer for AEG Presents in San Francisco, who came up with the concept after a 2016 music-fueled traipse through Europe’s electronic hubs. Bell had just left his job as Talent Buyer for HARD Events in Los Angeles, where he’d worked before after graduating from USC. (“I graduated on a Friday and was full time [at HARD] on a Monday,” he says.) With eight months off before he was due to start his new gig at AEG, he wanted to take the type of extended Euro trip many embark on after college. Explore See latest videos, charts and news See latest videos, charts and news “Lucky for me, I was 27 and I h...
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California May Be First State to Ban Use of Rap Lyrics in Court
HipHopWired Featured Video Source: Fulton County PD / Fulton County Sheriff’s Department A bill introduced earlier this year by South Los Angeles Assemblyman Reginald Jones-Sawyer may soon be signed into law in California. The bill would restrict the use of rap lyrics and other creative works as evidence in criminal proceedings. The bill has already passed both the State Senate and State Assembly. It will soon progress to the desk of Gov. Gavin Newsom for his signature, according to The New York Times. The bill is specific to the state, but follows a national bill called the RAP Act introduced in Congress by two Black democratic congressmen, Hank Johnson of Georgia and Jamaal Bowman of New York. It also follows the indictment of Atlanta rappers Young Thug and Gunna on gang-related RI...
California again allows crypto contributions to state, local political campaigns
Candidates for state and local offices in California will once again be allowed to accept donations in cryptocurrency after a ban was lifted by the state’s Fair Political Practices Commission (FPPC) on Thursday. The ban was imposed in 2018. California was one of nine states that had banned political contributions in crypto due to perceived transparency and Know Your Customer (KYC) issues. The question of contributions in crypto was revived in March when the commission issued an opinion on the sale of nonfungible tokens (NFTs) for campaign fundraising. In May, a report was prepared by the FPPC that examined three options for its crypto policy. Those were to maintain the ban or treat crypto like cash, with a $100 contribution cap, as is done in several states. The third option was to t...
California regulator will revisit long-running ban on crypto donations on May 19
A California state regulator may be looking at overturning a ban on cryptocurrency donations to political campaigns which has been in effect since 2018. According to its May 2022 agenda, California’s Fair Political Practices Commission, or FPPC, has scheduled a “pre-notice discussion” on Thursday on the use of cryptocurrencies f campaign contributions in the state. The commission said it will be considering drafting amendments to its regulations requiring that “no contribution may be made or received in cryptocurrency.” In September 2018, the FPPC voted to ban both sending and receiving crypto contributions for political campaigns in the state of California, due to concerns the donations “might be utilized to circumvent contribution limits and prohibitions, or by foreign entities to ...
Crypto advocate mounts challenge to longtime Silicon Valley Congresswoman
In terms of policy, Greg Tanaka calls himself a legislator for the digital age and possibly the most pro-crypto person running in this election cycle. Now a Palo Alto City Council member, he has set his sights on the United States House of Representatives seat for California’s 16th: the Silicon Valley district. In an interview with Cointelegraph, the self-described nerd exuded enthusiasm and spoke with an unwavering smile about crypto and the financial system. Legal DAOs and crypto tax holidays “It’s the first form of truly better money,” Tanaka said of crypto. “More benefit goes to the people creating the value versus with traditional finance.” He envisioned a future where everyone would have their own token. That “will create a lot more economic equity,” he said. In addition to his polit...
“Zedd in the Park” Set to Return to Los Angeles In Summer 2022
Zedd in the Park is officially returning to Los Angeles. The summer show at LA Historic Park is set for Friday, July 8th. Performing alongside the Grammy-winning producer will be Loud Luxury, Wolfgang Gartner, Regard, So Tuff So Cute, and a B2B set from Brownies and Lemonade’s Goj!ra and Fernet. Zedd has been on fire in recent months, most recently releasing a long-awaited and relentless collaboration with Martin Garrix called “Follow.” The collab-made-in-heaven resulted in a mainstage smash hit and will appear on Garrix’s upcoming debut club album, Sentio. At the beginning of 2022, Zedd teamed up with Disclosure to release bubbly and sultry track called “You’ve Got To Let Go If You Want To Be Free,” a song about...
SafeMoon pump and dump lawsuit targets Jake Paul, Soulja Boy, and others
A new class-action lawsuit demands a jury trial against A-list celebrities and social influencers for their alleged participation in a classic pump and dump scheme relating to SafeMoon tokens. SafeMoon, a Binance Smart Chain-native cryptocurrency, allegedly recruited a number of celebrities to lure investors in with misleading promotions. Some of the prominent names roped in by the class action include musicians such as Nick Carter, Soulja Boy, Lil Yachty and YouTubers Jake Paul and Ben Phillips. According to the lawsuit, SafeMoon and its subsidiaries mimicked real-life Ponzi schemes by misleading investors to purchase SafeMoon tokens under the pretext of unrealistic profits. Citing the ecosystem’s ‘burn’ and ‘tokenomics’ as a key driver for SafeMoon’s price potential, the recruited celebr...
Juul to pay US state $40 million for targeting teens with e-cigarettes
Electronic cigarette giant Juul Labs Inc will pay $40m to North Carolina and take more action to prevent underage use and sales, according to a landmark United States legal settlement announced on Monday after years of accusations that the company had fueled an explosion in teen vaping. A state judge accepted the first-of-its-kind agreement with a US state. North Carolina Attorney General Josh Stein had sued Juul, accusing it of employing unfair and deceptive marketing practices that targeted young people to use its vaping products, which deliver addictive nicotine. As part of the agreement, Juul will not advertise to anyone under 21 in North Carolina and will limit sales amounts of Juul products online to any state residents. It will also sell its products only behind counters at retailer...
Splash House Reveals Massive Lineup for 2021 Festival
Splash House has just announced its momentous 2021 return with a massive lineup that’s sure to see the festival return in an emphatic way. Returning to Palm Springs to celebrate its eighth summer and the joyful reunion of its dance music-obsessed community, Splash House will bring back its beloved poolside parties and resort setting for an unforgettable party with a lineup for the ages. Lineup for Splash House 2021 Weekend 1. Splash House’s first weekend will feature headlining acts Dom Dolla, Get Real, Shiba San, TOKiMONSTA, Tycho, and Whethan. Supporting acts include Mark Knight, Josh Butler, Lady Bee, a back-to-back set from Illyus & Barrientos with Martin Ikin, Hannah Fernando, and many more. After-hours sets will take place at the Palm Springs Air Museum, as...
Coachella Announces 2022 Festival Dates
After multiple postponements due to the impact of COVID-19, Coachella will officially make its return to California in 2022. Organizers shared the news on Instagram today, announcing that Coachella has now been scheduled over two weekends next year: April 15-17 and 22-24. The announcement arrives after a tumultuous period for the iconic Indio music and arts festival, whose organizers were forced to cancel outright for the first time in 20 years back in June 2020. Citing the uncertainty of the pandemic, they eventually abandoned the fest’s planned October 2021 dates, marking its fourth postponement due to the impact of the virus. Fans can register to access the event’s 2022 pre-sale starting Friday, June 4th at 10AM PT (1PM ET). Check out the announcement below. FOLLOW...
