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📢 U.S. California “meme coin bill” AB2409 passes both houses of the state legislature and awaits the governor’s signature
On August 28, California’s “meme coin” regulatory bill AB 2409 passed the California Assembly and Senate by vote. It has now been submitted to the Governor’s Office and is awaiting signature.
The bill would prohibit California public officials and government employees from issuing meme coins, and would prohibit digital asset service providers, effective January 1, 2027, from offering to California residents transaction services for meme coins issued or co-launched by federal officials or state and local public officials.
If signed by the governor, AB 2409 will become one of the first state-level regulations in the United States to limit activities related to the issuance of meme coins by political figures.
On August 28, California’s “meme coin” regulatory bill AB 2409 passed the California Assembly and Senate by vote. It has now been submitted to the Governor’s Office and is awaiting signature.
The bill would prohibit California public officials and government employees from issuing meme coins, and would prohibit digital asset service providers, effective January 1, 2027, from offering to California residents transaction services for meme coins issued or co-launched by federal officials or state and local public officials.
If signed by the governor, AB 2409 will become one of the first state-level regulations in the United States to limit activities related to the issuance of meme coins by political figures.
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