California’s Assembly and Senate unanimously passed Assembly Bill 2409 on August 26, prohibiting public officials and government employees from issuing meme coins. The bill also bars digital asset service providers from listing any meme coins created by public officials after January 1, 2027. Enforcement falls under civil law, with the California Attorney General and district attorneys authorized to bring civil actions, seek injunctions, and pursue disgorgement of profits. Introduced by Assemblymember Avelino Valencia, the bill now awaits Governor Newsom’s signature. Exchanges serving California users will need to implement due diligence processes and identity verification for token creators to comply with the listing restrictions.
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