Odaily Planet Daily report: California’s meme coin regulatory bill, AB 2409, has been approved by both the State Assembly and the State Senate and is now awaiting the Governor’s signature to become law. The bill prohibits public officials and government employees from issuing meme coins and bans the trading of meme coins to California residents starting January 1, 2027. If signed by the Governor, it will become the first state-level legislation in the U.S. to systematically regulate meme coins.
California Meme Coin Bill AB 2409 Passes Both Chambers, Banning Public Officials from Issuing and Listing to Residents
KuCoinFlashShare
Summary
California’s AB 2409, the first U.S. state bill to regulate meme coins, has passed both legislative chambers and is awaiting the governor’s signature. The bill prohibits public officials from issuing meme coins and bans listings targeted at residents starting in 2027. This move aligns with broader efforts to strengthen oversight in liquidity and crypto markets. Enforcement will support CFT (Countering the Financing of Terrorism) compliance and mitigate speculative risks.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.