Newsom signs California ban on public officials issuing memecoins
CointelegraphCointelegraph by Felix Ng
The law also restricts crypto companies from offering certain memecoins tied to public officials to California residents and takes effect for tokens issued from Jan. 1, 2027. California Governor Gavin Newsom signed legislation barring state and local public officials from issuing memecoins, as Newsom criticized US President Donald Trump’s crypto ventures. Newsom on Sunday signed Assembly Bill 2409, introduced by Assembly Member Avelino Valencia on Feb. 20, 2026. The law also prohibits digital asset service providers from offering certain memecoins issued by or in partnership with federal, state or local public officials to California residents and applies to tokens issued on or after Jan. 1, 2027.
Reported by Cointelegraph. You are reading an excerpt. The full story is on their site.
Read it at Cointelegraph- Filed under
- Memecoins
- First seen
- Reported by
- Cointelegraph
Before you act on it
A listing, a launch or an airdrop is not a reason to buy. Check the contract address on the project's own site. Never sign a transaction or hand over a seed phrase to claim anything.
