#californiabillwouldbarofficialmemecoins California
’s AB 2409 passed both the Assembly and Senate on August 26, 2026 with unanimous votes and is now enrolled awaiting Governor approval after being introduced in February by Assembly Member Valencia.
The
bill prohibits public officers and employees from issuing meme
coins and bars digital asset service providers from listing for California residents any meme coin issued on or after January 1, 2027 that involves or partners with federal, state, or local public officials.
It expands existing conflict-of-interest laws to digital assets, authorizing civil enforcement by the Attorney General and local prosecutors to address potential corruption risks from politicians tied to speculative meme coin projects.$COLLECT $IREN $ONG
’s AB 2409 passed both the Assembly and Senate on August 26, 2026 with unanimous votes and is now enrolled awaiting Governor approval after being introduced in February by Assembly Member Valencia.
The
bill prohibits public officers and employees from issuing meme
coins and bars digital asset service providers from listing for California residents any meme coin issued on or after January 1, 2027 that involves or partners with federal, state, or local public officials.
It expands existing conflict-of-interest laws to digital assets, authorizing civil enforcement by the Attorney General and local prosecutors to address potential corruption risks from politicians tied to speculative meme coin projects.$COLLECT $IREN $ONG
