California Senate Passes Bill to Ban Memecoin Issuance by Public Officials
The California Senate has passed a bill prohibiting federal public officials from issuing memecoins to residents, addressing concerns over conflicts of interest and potential 'pay-to-play' arrangements. The legislation, known as AB 2409, also restricts digital asset platforms from offering certain tokens linked to officials starting in 2027.
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California Senate passes bill to ban memecoin issuance by public officials
The bill seeks to prohibit the listing of memecoins issued by federal public officials to California residents, citing conflicts of interest and “pay-to-play arrangements.”
California lawmakers pass bill targeting meme coins issued by public officials
California lawmakers have passed AB 2409, which would prohibit state and local public officials from issuing meme coins and restrict digital asset platforms from offering certain official-linked tokens to California residents beginning in 2027. The California Legislature’s latest text for…