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Governor Gavin Newsom signed Assembly Bill 2409, which prohibits state and local public officers from issuing meme coins and bars platforms from listing new ones featuring officials' likenesses starting in 2027.
The unanimous legislation is part of a larger anti-corruption package that also aids crypto fraud victims, seizes assets tied to crime, and bolsters consumer protections like refunds for canceled events.
Governor Gavin Newsom signed Assembly Bill 2409, which prohibits state and local public officers from issuing meme coins and bars platforms from listing new ones featuring officials' likenesses starting in 2027.
The unanimous legislation is part of a larger anti-corruption package that also aids crypto fraud victims, seizes assets tied to crime, and bolsters consumer protections like refunds for canceled events.