Is California Set to Get Its Own BitLicense?

California is set to follow New York’s lead, but the Bitcoin Foundation wants to stop the state from getting its own version of the BitLicense.
The California Bitcoin License bill designated as AB1326 has undergone several changes in the assembly and senate since it was first introduced last year. It is now awaiting a second reading by Senate.
Opponents of the bill, however, claim that the language of it has the potential to reduce California’s capability of supporting digital currency startups in the state.
Bitcoin Foundation Education Committee chair Colin Gallagher is one opponent who has called on people to sign a petition opposing the bill after writing on a forum today stating that the new version of the bill is ‘even worse than before.’
On the petition’s page it states:

This post was published at Crypto Coins News on 09/08/2016.