California Bans Public Officials From Issuing Memecoins Under New 2027 Crypto Law

Key Takeaways: Governor Gavin Newsom of California signed AB 2409 to prevent the issuance of certain memecoins by the state and local public officials. Additionally, the law restricts digital asset companies from issuing covered “official” linked tokens to residents of California, and regulates tokens that are issued starting January 1, 2027. Newsom signed SB 1208, […]