ChainCatcher report, according to Bitcoin.com News, California’s “meme coin” regulatory bill has passed both the State Assembly and Senate. The bill prohibits public officials and employees from issuing meme coins and bans the listing of such tokens to California residents starting January 1, 2027. AB 2409 has now been sent to the governor for signature.
California’s “Meme Coin” Bill Passes Both Chambers, Banning Officials from Issuing or Launching Coins to Residents
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Summary
California’s “meme coin” bill, AB 2409, has passed both the Assembly and Senate, marking a significant moment in meme coin news. The law will prohibit public officials from issuing meme coins and block announcements of token launches targeted at California residents starting in 2027. The bill now awaits the governor’s signature.
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