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California Governor Newsom Enacts Ban on Memecoins, Labels It 'The Antithesis of Trump'
Californiaā€™s chief executive, Governor Gavin Newsom, has taken a decisive step in the realm of digital assets by signing Assembly Bill 2409 into law, effectively prohibiting the issuance and promotion of soā€‘called memecoins within the stateā€™s jurisdiction. In his public remarks, Newsom framed the legislation as a direct counterpoint to the chaotic and often reckless approach to cryptocurrency thaā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
Governor Newsom Enacts Ban on Memecoins, Labels It ā€œThe Antithesis of Trumpā€
Sept. 28, 2026, 6:21 a.m.
Markets
Governor Newsom of California Enacts Ban on Memecoins, Labels It ā€˜The Antithesis of Trumpā€™
In a decisive move that underscores Californiaā€™s commitment to curbing financial misconduct, Governor Gavin Newsom signed Assembly Bill 2409 into law, effectively prohibiting the issuance and promotion of soā€‘called ā€œmemecoins.ā€ The legislation is part of a sweeping antiā€‘corruption package that the governor framed as a direct response to the tumultuous episode surrounding former President Donald Tā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
Governor Newsom Enacts Ban on Memecoins, Labels It "The Antithesis of Trump"
In a decisive move that underscores Californiaā€™s growing stance on digital asset regulation, Governor Gavin Newsom signed Assembly Bill 2409 into law, effectively outlawing the creation, promotion, and distribution of soā€‘called memecoins within the state. The legislation, which is part of a larger antiā€‘corruption package, was presented by the governor as a direct response to the chaotic fallout sā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
Governor Newsom Enacts Ban on Memecoins, Labels It ā€œThe Antithesis of Trumpā€
California Governor Gavin Newsom has taken a decisive step against the burgeoning world of memeā€‘based cryptocurrencies by signing Assembly Bill 2409 into law. The legislation, which forms part of a larger antiā€‘corruption package, effectively bans the creation, promotion, and sale of soā€‘called memecoins within the stateā€™s jurisdiction. In his signing statement, Newsom framed the bill as a direct rā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Memecoins, Labels It ā€˜The Antithesis of Trumpā€™
Governor Gavin Newsom of California has taken a decisive step against the burgeoning world of memeā€‘based cryptocurrencies by signing Assembly Bill 2409 into law. The legislation, which is part of a larger antiā€‘corruption package, specifically targets the creation, promotion, and sale of soā€‘called ā€œmemecoinsā€ā€”digital tokens that often gain popularity through viral internet memes rather than any suā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Memecoins, Labels It ā€œThe Antithesis of Trumpā€
In a decisive move that underscores Californiaā€™s growing reputation as a regulatory trailblazer, Governor Gavin Newsom affixed his signature to Assembly Bill 2409, a piece of legislation that effectively bans the creation, promotion, and distribution of soā€‘called ā€œmemecoinsā€ within the stateā€™s jurisdiction. The bill, which is part of a larger antiā€‘corruption package aimed at tightening oversight ā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
Governor Newsom Enacts Ban on Memecoins, Labels It ā€˜The Antithesis of Trumpā€™
In a decisive move that underscores Californiaā€™s growing appetite for stricter oversight of emerging digital assets, Governor Gavin Newsom signed Assembly Bill 2409 into law on Monday. The legislation, which effectively bans the creation, promotion, and sale of soā€‘called ā€œmemecoins,ā€ is being hailed by the administration as a bold step toward protecting investors from speculative schemes that havā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Memecoins, Labels It ā€œThe Opposite of Trumpā€
Governor Gavin Newsom of California has taken a decisive step against the burgeoning world of memeā€‘driven digital currencies by signing Assembly Bill 2409 into law. The legislation, which forms part of a broader antiā€‘corruption package introduced by the stateā€™s lawmakers, specifically targets the issuance, promotion, and sale of soā€‘called ā€œmemecoinsā€ā€”cryptocurrencies that gain popularity primarilā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Memecoin Prohibition, Labels It "The Antithesis of Trump"
In a decisive move that underscores Californiaā€™s growing determination to regulate the rapidly evolving digital asset landscape, Governor Gavin Newsom signed Assembly Bill 2409 into law this week. The legislation, which effectively bans the creation, promotion, and distribution of soā€‘called "memecoin" tokens within the state, is presented as a cornerstone of a larger antiā€‘corruption package aimedā€¦
Sept. 28, 2026, 6:21 a.m.