Most up-to-date DataPrintedSep 28, 2026
The guidelines furthermore restricts crypto companies from offering obvious memecoins tied to public officers to California residents and takes produce for tokens issued from Jan. 1, 2027.
California Governor Gavin Newsom signed guidelines barring advise and local public officers from issuing memecoins, as Newsom criticized US President Donald Trump’s crypto ventures.
Newsom on Sunday signed Assembly Invoice 2409, introduced by Assembly Member Avelino Valencia on Feb. 20, 2026. The guidelines furthermore prohibits digital asset carrier providers from offering obvious memecoins issued by or in partnership with federal, advise or local public officers to California residents and applies to tokens issued on or after Jan. 1, 2027.
“No legit should always silent income off their place of job — and we’re putting stronger protections in web page to be obvious it doesn’t happen in our advise,” Newsom acknowledged Sunday as he slammed Trump’s launch of a memecoin in 2025.
Current California guidelines already prohibits advise officers and staff from participating in employment job or mission that’s inconsistent with their responsibilities. AB 2409 provides a ban on issuing memecoins to the Authorities Code.
It furthermore authorizes California’s authorized reliable basic, a district authorized reliable, a city authorized reliable or county counsel to connect in force the prohibitions by submitting a civil action.
Newsom on Sunday furthermore signed Senate Invoice 1208, which expands California’s gift cash laundering statutes to encompass illicit transactions made using digital belongings, and broadly authorizes guidelines enforcement to freeze, rob and forfeit digital belongings linked to crimes.
Linked: California Senate passes bill to ban memecoin issuance by public officers
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