California sends meme coin restrictions bill to governor
California's legislature approved AB 2409 with unanimous votes in both chambers and sent the measure to Governor Gavin Newsom, where it now awaits his action. The bill would prohibit public officers and specified public employees from issuing meme coins and would bar digital-asset service providers from listing qualifying politician-linked meme coins for California residents when those coins were issued on or after Jan. 1, 2027. The record shows Senate approval 40-0 and Assembly concurrence 78-0, followed by engrossing and enrolling, and the official history notes no recorded opposition in either chamber.
AB 2409 bans public officers from issuing politician-linked meme coins
Context
The legislature voted to approve AB 2409 with unanimous chamber votes. The bill was engrossed and enrolled and sent to Governor Gavin Newsom. The proposal now awaits his action and would take effect only if it becomes law.
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