(Tahoe Daily Tribune) California has become the first state in the U.S. to make sure your forgotten crypto doesn’t quietly disappear. Earlier this October, Governor Gavin Newsom signed Senate Bill 822, which now stops the automatic liquidation of unclaimed cryptocurrency. Despite this new law being a simple idea, it has a massive impact. If you’re left Ethereum, Bitcoin, or any other crypto token untouched for three years, the state can now keep these coins in their original form as opposed to converting them for cash.
In the News
(TCD) California lawmakers have passed a game-changing bill that could potentially save California residents up to $10 billion on energy costs over the next decade.
(The Mercury News) As insurance companies continue to hike rates and cancel coverage for thousands of homeowners across fire-prone parts of California, Gov. Gavin Newsom is directing regulators to come up with new solutions to stabilize the state’s spiraling home insurance market.
(The Mercury News) California has an environmental problem.
Companies have built so many solar farms across the state that on many days — particularly in the spring months when sunshine is abundant but demand for air conditioning isn’t very high — they are producing more solar electricity than the state needs. Sometimes the farms have to be shut down because there isn’t enough demand.
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(KCRC) NORTHSTATE, Calif. — Many individuals continue to advocate for reduced rates, including Senator Josh Becker through the introduction of Senate Bill 254. Meanwhile, PG&E anticipates utility rates will drop next year, but the amount is still to be determined.
Legislation that would revamp parts of California’s utility structure — creating public financing opportunities for large-scale projects, returning climate credits back to customers and potentially saving ratepayers billions annually on electricity bills — is headed to the state Assembly, state Sen. Josh Becker, D-Menlo Park, said.
Two bills would replace $15 billion in utility power-grid investments with cheaper public financing — a new approach to cutting sky-high electricity rates.
New legislation in California would sets rules for chatbots that are designed as personalized and sometimes emotionally supportive digital friends.