California State Senator Promotes Blockchain Bill For Recording Stock Information

Last week, Senator Bob Hertzberg (D), who represents California’s 18th Senate District, advanced legislation permitting Blockchain technology for certain business practices, financial information platform Equities.com reported April 23.

SB 838 would allow corporations to apply “Blockchain technology or one or more distributed networks” to record and keep the “names of all of the corporation’s stockholders of record, the address and number of shares registered in the name of each of those stockholders, and all issuances and transfers of stock of the corporation.”

Senator Hertzberg, who is “determined to work on governing for the next generation, not the next election,” introduced SB 838 before the Senate Banking and Financial Institutions Committee…

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