Public officials can't issue meme coins, and platforms can't list officials' new ones
State and local public officers, and public employees who control contracts, may not issue meme coins. Crypto platforms may not list for Californians a meme coin issued from this date on that is offered by or with a federal, state or local official.
Who it affects
Public officials, crypto trading platforms and their California customers
When
This law takes effect on January 1, 2027. California laws take effect on January 1 of the year after they are signed, unless the law says otherwise.
- : Signed into law
- : This law takes effect
Official text
California AB 2409: Digital assets: meme coins.
On California Legislative Information. The official text is what counts; read it before you act.
Not legal advice. Plain-English summaries to help you find what changes and when. Not legal advice: read the official text, and ask a lawyer about your situation.