California AB2409 prohibits public officials from issuing meme coins and restricts digital asset service providers from listing such coins for.

California AB2409 defines a "meme coin" as a digital asset primarily marketed based on internet memes or cultural phenomena. The bill prohibits public officers and employees from issuing meme coins. It also restricts digital asset service providers from listing for sale, on behalf of or for purchase by California residents, any meme coin issued by a federal public official or a state or local public officer after January 1, 2027. The Attorney General can enforce this prohibition through civil actions seeking injunctive relief.

California AB2409 prohibits public officials from issuing meme coins and restricts digital asset service providers from listing such coins for.

California AB2409 defines a "meme coin" as a digital asset primarily marketed based on internet memes or cultural phenomena. The bill prohibits public officers and employees from issuing meme coins. It also restricts digital asset service providers from listing for sale, on behalf of or for purchase by California residents, any meme coin issued by a federal public official or a state or local public officer after January 1, 2027. The Attorney General can enforce this prohibition through civil actions seeking injunctive relief.