Who regulates bitcoin exchanges in California?

Inquiring minds often wonder about the regulatory landscape surrounding emerging technologies, especially in the realm of cryptocurrencies. This brings us to a pressing question: Who exactly regulates bitcoin exchanges operating within the state of California? With the increasing popularity and usage of digital currencies, it's crucial to understand the oversight mechanisms that ensure these platforms abide by the necessary legal frameworks. So, what agency or body holds the reins in overseeing the bitcoin exchange landscape in California? And how do they ensure compliance with local and federal regulations? These are the questions we seek to answer in our quest for clarity in the world of cryptocurrency regulation.