CryptoCoinDeskabout 2 hours ago
Newsom Signs California Memecoin Ban for Officials
3 min read
California Gov. Gavin Newsom signed AB 2409, barring state public officials from issuing memecoins, part of an 11-bill anti-corruption package. He framed it as a rebuke of President Trump's $TRUMP token, which crashed after peaking at a $14 billion market cap, costing 988,905 buyers $3.81 billion while Trump earned $636 million in royalties.
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