California’s AB 2409 has passed both the state Assembly and Senate and is now awaiting the governor’s approval, according to Techub News, citing CoinPedia. The bill would bar public officials from issuing meme coins. It also sets a Jan. 1, 2027 restriction on offering meme coin purchases to California residents unless the service is provided by a specifically authorized entity. The measure is aimed at limiting public officials’ involvement in meme coin-related activity and reducing potential conflicts of interest and fraud risks. If signed by the governor, California would become the first U.S. state to impose a clear ban on public officials participating in meme coin activity.
California’s AB 2409 has passed the state Assembly and Senate and is now awaiting the governor’s approval, Techub News reported, citing CoinPedia.
Under the bill, public officials would be prohibited from issuing meme coins. Starting Jan. 1, 2027, offering meme coin purchases to California residents would also be banned unless the service is provided by a specifically authorized entity.
The bill is intended to limit public officials’ involvement in meme coin-related activities and guard against potential conflicts of interest and fraud risks. If the governor signs it, California would become the first U.S. state to introduce an explicit ban on public officials taking part in meme coin activity.
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