California lawmakers pass bill targeting meme coins issued by public officials
Aug 28 2026 10:35 UTC
California lawmakers have passed AB 2409, which would prohibit state and local public officials from issuing meme coins and restrict digital asset platforms from offering certain official-linked tokens to California residents beginning in 2027. The California Legislature’s latest...
➤ California lawmakers have passed AB 2409, a bill that prohibits state and local public officials from issuing meme coins and restricts digital asset platforms from offering certain official-linked tokens to California residents starting in 2027.
➤ The legislation aims to prevent conflicts of interest and private financial gain by public officials, with enforcement actions including injunctions and disgorgement.
➤ This move by California reflects broader federal discussions on restricting government officials' involvement with digital assets, particularly in light of political meme coins and their potential for financial gain and influence.
Read more at: https://rwatimes.io/articles/coinmarketcap-california-lawmakers-pass-bill-targeting-meme-coins-issued-by-public-officials-3842719673?utm_source=binance
Aug 28 2026 10:35 UTC
California lawmakers have passed AB 2409, which would prohibit state and local public officials from issuing meme coins and restrict digital asset platforms from offering certain official-linked tokens to California residents beginning in 2027. The California Legislature’s latest...
➤ California lawmakers have passed AB 2409, a bill that prohibits state and local public officials from issuing meme coins and restricts digital asset platforms from offering certain official-linked tokens to California residents starting in 2027.
➤ The legislation aims to prevent conflicts of interest and private financial gain by public officials, with enforcement actions including injunctions and disgorgement.
➤ This move by California reflects broader federal discussions on restricting government officials' involvement with digital assets, particularly in light of political meme coins and their potential for financial gain and influence.
Read more at: https://rwatimes.io/articles/coinmarketcap-california-lawmakers-pass-bill-targeting-meme-coins-issued-by-public-officials-3842719673?utm_source=binance