California Bars Public Officials From Issuing Meme Coins

California has barred public officials and government employees from issuing meme coins and prohibited digital asset platforms from listing certain tokens associated with public officials. The new measures extend the state’s broad effort to regulate cryptocurrency while Congress continues to debate a federal framework. Gavin Newsom signed Assembly Bill 2409 , authored by Assemblymember Avelino Valencia , D-Anaheim, as part of a package of crypto-related measures addressing conflicts of inte