California has reportedly drawn a hard line against political token grifts, banning public officials from issuing memecoins tied to their office under a new ethics law. It targets hype and conflict-of-interest games, not Bitcoin or crypto broadly.
Read Full Article
California is drawing a hard ethics line: under new law, public officials can’t issue meme coins, and certain official-linked tokens will face added limits starting in 2027. The move targets self-enrichment, not crypto itself, while California also tightens digital-asset seizure and anti-money-laundering powers.
Read Full Article
California’s AB 2409 is aimed at stopping public officials from launching meme coins tied to their name, image, or office. The bill also adds limits for certain official-linked tokens on platforms starting in 2027, as lawmakers move to curb crypto grift dressed up as “innovation.”
Read Full Article