CryptoEngadgetabout 3 hours ago
California Bans Officials From Memecoins
1 min read
California Governor Gavin Newsom signed legislation barring public officials from issuing memecoins, citing reports that about a million investors lost an alleged $3.8 billion on President Donald Trump's 2025 memecoin. The bill also prohibits companies from making memecoins using a public official's likeness or image. Newsom separately signed bills creating processes for crypto fraud victims to recoup money and for seizing crypto assets from criminal networks.
Level
Hype check
Tap to vote and see what everyone thinks.
