Hawaii to regulate Web3 and crypto through new taskforce

Hawaii is the latest US state to announce that it would be taking the world of cryptocurrency and Web3 technologies seriously with new regulations that involve setting up a new taskforce to manage developments in the space. A senate committee in the state has recommended the formation of this special taskforce that will study and regulate crypto and blockchain ecosystems. The taskforce will consist of 11 members, including representatives from blockchain and crypto companies.