California meme coin bill AB 2409 passes both houses, will prohibit public officials from issuing and offering to residents

Odaily News - California's meme coin regulatory bill AB 2409 has passed both the State Assembly and Senate, and now awaits the governor's signature to become law. The bill prohibits public officials and government employees from issuing meme coins, and starting January 1, 2027, prohibits offering meme coin trading to California residents. If signed by the governor, it will become the first state-level bill in the U.S. to impose systematic legislative constraints on meme coins.