Gavin Newsom signs law banning public officials from issuing meme coins
California Governor Gavin Newsom signed AB 2409 on Sunday, making it illegal for state and local officials in California to launch meme coins. The law also includes rules for exchanges tied to politician-related tokens, with one piece saying those listing rules begin in 2027.
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California state and local officials are directly affected because AB 2409 now bars them from launching meme coins. The law was signed on Sunday, so the change is immediate for those officials and for anyone planning tokens tied to political office.
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