According to a report by Jinse Finance, FOX Business journalist Eleanor Terrett stated that California Governor Gavin Newsom has announced the launch of the "California Breakthrough Project" and has invited senior leaders from technology and crypto companies such as Ripple, an exchange, and MoonPay to participate. The initiative aims to provide advice and support to enhance the efficiency of California’s government and foster cross-departmental collaboration. The project’s working group held its first meeting on June 6 at Ripple’s headquarters in San Francisco. Other participants included executives from Instacart, Snapchat, Anduril Technologies, as well as renowned angel investor Ron Conway.