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California Bans Officials’ Memecoins After TRUMP Buyers Lost $3.8B

California Bans Officials’ Memecoins After TRUMP Buyers Lost $3.8B

Bitcoin.com Newsby Bitcoin.com News
28 September 2026
California’s new memecoin law targets conflicts of interest after President Donald Trump’s token generated substantial proceeds for him while many buyers lost money. Governor Gavin Newsom also signed a separate measure addressing crypto fraud and victim recovery. What California’s Memecoin Ban Covers California state and local public officers will be barred from issuing memecoins starting […]…

California’s new memecoin law targets conflicts of interest after President Donald Trump’s token generated substantial proceeds for him while many buyers lost money. Governor Gavin Newsom also signed a separate measure addressing crypto fraud and victim recovery. What California’s Memecoin Ban Covers California state and local public officers will be barred from issuing memecoins starting […]

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