California Goes Crypto: Ripple and Coinbase Lead Gov’t Tech Revolution

California just handed blockchain giants Ripple and Coinbase the keys to its bureaucratic kingdom—and Wall Street didn't see it coming.

| The Backroom Deal That Could Reshape GovTech

No RFPs, no 18-month procurement cycles. The Golden State went straight to the crypto heavyweights for its infrastructure overhaul. Sources say the contract bypassed three legacy vendors still pushing 'cloud-first' strategies from 2015.

| Why This Hurts Traditional Finance

JPMorgan's government blockchain team reportedly learned about the deal via LinkedIn. Meanwhile, the state treasurer's office quietly liquidated $200M in municipal bonds—coincidence or collateral damage?

| The Cynic's Take

Wall Street analysts insist this is just 'proof-of-concept theater.' But with California's GDP bigger than most countries, that theater just became Broadway.