For more than a decade, tech investors and businesses in California have been banking on cryptocurrency. The governor of the greatest economy in the United States has now joined the party.

California Gov. Gavin Newsom signed an executive order on cryptocurrencies on Wednesday, laying out a road map for regulatory and consumer protections as well as looking into how the state may benefit from blockchain and digital assets.

“California has nearly a quarter of the 800 blockchain enterprises in North America, far more than any other state,” Dee Dee Myers, senior advisor to Newsom and director of the Governor’s Office of Business and Economic Development, told CNBC. “We’ve heard from a lot of people who want to come here, and we want to assist them in doing so appropriately.”

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