Huoxing Finance reports, according to Bitcoin.com News, California’s “meme coin” regulatory bill has passed both the State Assembly and the State Senate. The bill prohibits public officials and employees from issuing meme coins and bans the listing of such tokens to California residents effective 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 Tokens
MarsBitShare
Summary
Meme coin news emerged as California’s AB 2409 bill passed both the Assembly and Senate. The law prohibits public officials from issuing meme coins and blocks token launch announcements targeting state residents starting in 2027. The bill now awaits the governor’s signature. Meme coin news underscores a significant regulatory shift, as token launches will face stricter oversight in the state.
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