California Governor Gavin Newsom signed and issued AB 2409, which bans state and local officials from issuing memecoins, effective from January 1, 2027.
Regulatory signal
The bill also expands anti-money-laundering regulations and strengthens enforcement for digital assets, presented as a “Trump-opposed” stance regarding political tokens.
Impact on the industry
Digital asset service providers serving California residents must face new restrictions in listing political-related tokens.
Regulatory signal
The bill also expands anti-money-laundering regulations and strengthens enforcement for digital assets, presented as a “Trump-opposed” stance regarding political tokens.
Impact on the industry
Digital asset service providers serving California residents must face new restrictions in listing political-related tokens.