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Governor Newsom Enacts Ban on Memecoins, Labels It ā€˜The Antithesis of Trumpā€™
In a decisive move that underscores Californiaā€™s growing vigilance over the rapidly evolving world of digital assets, Governor Gavin Newsom signed Assembly Bill 2409 into law this week. The legislation, which effectively bans the creation, promotion, and sale of soā€‘called ā€œmemecoins,ā€ is part of a larger antiā€‘corruption package that the governor has championed as a safeguard for consumers and a sā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Memecoins, Labels It "The Antithesis of Trump"
In a decisive move that underscores California's growing vigilance over digital assets, Governor Gavin Newsom signed Assembly Bill 2409 into law on Monday, effectively outlawing the creation, promotion, and sale of soā€‘called "memecoins" within the state. The legislation, which forms part of a larger antiā€‘corruption package introduced earlier this year, is being touted by Newsom and his administraā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
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 laboratory for progressive regulation, Governor Gavin Newsom signed Assembly Bill 2409 into law on Tuesday, effectively outlawing the creation, promotion, and distribution of soā€‘called ā€œmemecoins.ā€ The legislation, which forms part of a larger antiā€‘corruption package, is being touted by the governorā€™s office as a direct respā€¦
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 reputation as a regulatory trailblazer, Governor Gavin Newsom signed Assembly Bill 2409 into law this week. The legislation, which effectively bans the issuance and promotion of soā€‘called ā€œmemecoins,ā€ is being hailed by the governorā€™s office as a direct response to the chaotic fallout from former President Donald Trumpā€™s illā€‘fated foray intā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Memecoins, Labels It ā€œThe Opposite of Trumpā€
In a decisive move that underscores Californiaā€™s growing reputation as a regulatory forerunner in the digitalā€‘asset arena, Governor Gavin Newsom signed Assembly Bill 2409 into law on Thursday. The bill, which effectively prohibits the issuance, promotion, and sale of soā€‘called ā€œmemecoinsā€ā€”cryptocurrencies that are typically created as jokes or internet memes but can attract significant speculativā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Memecoins, Labels It ā€˜The Antithesis of Trumpā€™
In a move that underscores Californiaā€™s increasingly proactive stance on financial regulation and consumer protection, Governor Gavin Newsom affixed his signature to Assembly Bill 2409 this week, effectively outlawing the creation, promotion, and sale of soā€‘called ā€œmemecoinsā€ within the stateā€™s jurisdiction. The legislation, which is part of a larger antiā€‘corruption package aimed at curbing dubioā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Memecoin Ban, Labels It ā€œThe Opposite of Trumpā€
In a decisive move that underscores Californiaā€™s growing willingness to regulate emerging digital assets, Governor Gavin Newsom signed Assembly Bill 2409 into law this week. The legislation, which effectively bans the creation, promotion, and sale of soā€‘called "memecoins" within the state, is being presented as a cornerstone of a larger antiā€‘corruption package aimed at curbing speculative financiā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Memecoins, Labels It ā€œThe Antithesis of Trumpā€
In a move that has captured the attention of both the cryptocurrency community and political observers, California Governor Gavin Newsom signed Assembly Bill 2409 into law this week, effectively outlawing the creation, promotion, and sale of soā€‘called ā€œmemecoinsā€ within the stateā€™s jurisdiction. The legislation is part of a broader antiā€‘corruption package that Newsomā€™s administration has been pusā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Memecoins, Labeling It ā€œThe Opposite of Trumpā€
In a move that underscores Californiaā€™s growing reputation as a regulatory frontier for emerging digital assets, Governor Gavin Newsom signed Assembly Bill 2409 into law this week. The legislation, which effectively bans the creation, promotion, and sale of soā€‘called ā€œmemecoinsā€ within the state, is being hailed by the governorā€™s office as a decisive step toward curbing financial fraud and protecā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California 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 has signed Assembly Bill 2409, a piece of legislation that effectively bans the creation, promotion, and sale of soā€‘called "memecoins" within the stateā€™s jurisdiction. The governor framed the new law as a direct contrast to the approach taken by former President Donald Trump, whose oā€¦
Sept. 28, 2026, 6:21 a.m.