Some of the internet’s biggest companies — the likes of Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOGL) and Facebook (NASDAQ:FB) — were created from the ruins of the dot-com bubble. Likewise, the crypto ICO bubble seems to have many states rushing to put blockchain laws on the books in order to attract businesses.
Recently, the introduction of the “Digital Asset and Blockchain Technology Act” by New Jersey Assemblywoman Yvonne Lopez has raised very little attention in the mainstream media, but there are important factors to note when looking at the United States regulatory environment. Jay Patel, the founder of venture capital firm Edge196, spoke to Cointelegraph, expressing an opinion that this announcement signals that “blockchain companies are further reaching maturity in both ideas and financial engineering.”
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