Deep Tide TechFlow News, on July 15, according to crypto journalist Eleanor Terrett, California Governor Gavin Newsom announced the launch of the "California Breakthrough Project," which will collaborate with executives from leading companies in the cryptocurrency field such as Ripple, Coinbase, and MoonPay, aiming to "enhance government efficiency and promote collaboration."

The first meeting of this working group was held on June 6 at Ripple's San Francisco headquarters, with participating companies including Instacart, Snapchat, Anduril, and angel investor Ron Conway.