CoinScoopCalifornia's AB 2409 Bans Officials From Launching Meme Coins, Takes Aim at Trump
California Gov. Gavin Newsom signed AB 2409 on Sept. 27, barring elected officials, appointees and public employees from launching meme coins, a measure framed as the opposite of Trump's $TRUMP token. A platform-facing provision takes effect for tokens issued from Jan. 1, 2027. California's attorney general and local prosecutors can sue for injunctions and disgorgement of profits.
Summaries are written by AI from the original article. Not investment advice.