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

California AB2409 adds a chapter to the Government Code prohibiting public officers and employees from issuing meme coins. It also restricts digital asset service providers from listing for sale or purchase by California residents any meme coins issued on or after January 1, 2027, if the coins are offered by or in partnership with a federal public official or a state or local public officer. The bill defines "meme coin" as a type of digital asset primarily marketed based on internet memes, public figures, or social trends.

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

California AB2409 adds a chapter to the Government Code prohibiting public officers and employees from issuing meme coins. It also restricts digital asset service providers from listing for sale or purchase by California residents any meme coins issued on or after January 1, 2027, if the coins are offered by or in partnership with a federal public official or a state or local public officer. The bill defines "meme coin" as a type of digital asset primarily marketed based on internet memes, public figures, or social trends.