California Bans Public Officials From Issuing Memecoins Under New Digital-Assets Law

California Governor Gavin Newsom signed Assembly Bill 2409 on September 27, 2026, prohibiting California public officials from issuing memecoins and restricting companies from listing tokens that use an official’s likeness or image. The governor’s office confirmed the measure as part of a package presented as an anti-corruption crackdown. The new law places a direct prohibition on California public officials issuing memecoins. It also reaches companies that list memecoins using an official’s likeness or image, according to the Office of the Governor of California .

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