Core Viewpoint - The California regulatory agency responsible for overseeing cryptocurrency licensing is facing a significant funding shortfall of $193 million, which is necessary to implement the Digital Financial Assets Law by the scheduled date of July 1, 2026 [1]. Group 1 - The California Department of Financial Protection and Innovation is expected to encounter a funding gap of $193 million [1]. - The funding is required to initiate multiple projects, including the Digital Financial Assets Law [1].