- California Governor Gavin Newsom signed Assembly Bill 2409, barring state and local public officials from issuing memecoins.
- The law also prohibits digital asset service providers from offering certain memecoins tied to federal, state, or local officials to California residents.
- The legislation applies to tokens issued on or after Jan. 1, 2027, and directly criticizes US President Donald Trump’s crypto ventures.
California Governor Gavin Newsom signed legislation barring state and local public officials from issuing memecoins, as he directly criticized US President Donald Trump’s crypto ventures. Newsom on Sunday signed Assembly Bill 2409, introduced by Assembly Member Avelino Valencia on Feb. 20, 2026.
The law also prohibits digital asset service providers from offering certain memecoins issued by or in partnership with federal, state or local public officials to California residents. It applies to tokens issued on or after Jan. 1, 2027. “No official should profit off their office — and we’re putting stronger protections in place to ensure it doesn’t happen in our state,” Newsom said Sunday as he slammed Trump’s launch of a memecoin in 2025. Consequently, this legislation marks a direct regulatory response to the former president’s entry into the crypto space.
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