California's AB 2409, a bill aimed at memecoins involving public officials, has passed both chambers of the state Legislature and is awaiting the governor's signature. The measure would regulate meme coins issued by public officeholders or launched in cooperation with them, establishing a legal framework for such token offerings if enacted. Techub News reported, citing Cointelegraph.
California's AB 2409 has cleared both houses of the state Legislature. The bill now awaits the governor's signature. Techub News reported the development, citing Cointelegraph.
The legislation targets memecoins connected to public officials. It would regulate meme coins issued by public officers or launched in cooperation with them. If signed into law, the measure would set up a legal framework for such token issuance involving public officeholders. That makes it the latest step California has taken in crypto oversight.
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