Gavin Newsom: “New York State adopted our approach, your approach here in…”

“Regulations to provide guardrails that balance risk and opportunity. This was a consensus effort and a template for the nation where you may have just seen just recently, New York State adopted our approach, your approach here in California and made it their own. That's California leadership. We're leading the way in this space. It's how we're shaping the future. It's a unique combination, isn't it? Of conscience and capital, entrepreneurial and innovative spirit that encourages risk taking but discourages recklessness.” (17:59–18:06)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.