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Governor Newsom Enacts Ban on Memecoins, Labels It “The Antithesis of Trump”

In a decisive move that underscores California’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 so‑called “memecoins.” The legislation, which forms part of a larger anti‑corruption package, is being touted by the governor’s office as a direct resp…

Sept. 28, 2026, 6:21 a.m.

Markets

California Governor Newsom Enacts Ban on Memecoins, Labels It “The Antithesis of Trump”

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 so‑called “memecoins” within the state’s jurisdiction. The legislation is part of a broader anti‑corruption package that Newsom’s administration has been pus…

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 commitment to curbing financial misconduct, Governor Gavin Newsom signed Assembly Bill 2409 into law, effectively prohibiting the creation, promotion, and sale of so‑called “memecoins” within the state’s jurisdiction. The legislation forms a central pillar of a larger anti‑corruption package aimed at tightening oversight of emerging digital assets …

Sept. 28, 2026, 6:21 a.m.

Markets

Governor Newsom Enacts Ban on Meme Cryptocurrencies, Labels It ‘The Antithesis of Trump’

In a move that underscores California’s growing appetite for regulatory oversight of emerging digital assets, Governor Gavin Newsom signed Assembly Bill 2409 into law on Monday, effectively outlawing the issuance and promotion of so‑called meme‑coins within the state. The legislation, which is part of a larger anti‑corruption package, was framed by Newsom and his office as a decisive response to …

Sept. 28, 2026, 6:21 a.m.

Markets

California Governor Newsom Enacts Ban on Memecoins, Calls It 'The Antithesis of Trump'

In a move that has drawn both applause and criticism from various corners of the financial and political worlds, California Governor Gavin Newsom signed Assembly Bill 2409 into law on Monday. The legislation, which forms part of a sweeping anti‑corruption package, specifically targets so‑called "memecoins" – a class of digital assets that gained notoriety for their rapid price spikes, viral marke…

Sept. 28, 2026, 6:21 a.m.

Markets

Governor Newsom Enacts Ban on Meme Cryptocurrencies, Labels It 'The Antithesis of Trump'

In a decisive move that underscores California’s growing reputation as a regulatory forerunner in the digital‑asset arena, Governor Gavin Newsom signed Assembly Bill 2409 into law this week. The legislation, which effectively bans the creation, promotion, and distribution of so‑called "memecoin" tokens within the state’s jurisdiction, is being touted by the governor’s office as a direct response …

Sept. 28, 2026, 6:21 a.m.

Markets

California Governor Newsom Enacts Ban on Meme Cryptocurrencies, Labels It 'The Antithesis of Trump'

In a decisive move that underscores California’s growing commitment to curbing financial misconduct, Governor Gavin Newsom signed Assembly Bill 2409 into law on Monday, effectively outlawing the creation, promotion, and sale of so‑called meme‑coins within the state’s jurisdiction. The legislation, which is part of a larger anti‑corruption package aimed at increasing transparency and protecting co…

Sept. 28, 2026, 6:21 a.m.

Markets

Governor Newsom Enacts Ban on Meme Cryptocurrencies, Labeling It “The Antithesis of Trump”

California Governor Gavin Newsom has taken a decisive step against the burgeoning world of meme‑based digital assets by signing Assembly Bill 2409 into law. The legislation, which forms part of a larger anti‑corruption package, specifically targets the creation, promotion, and sale of so‑called “memecoins”—cryptocurrencies that often rely on viral internet jokes or celebrity hype rather than any …

Sept. 28, 2026, 6:21 a.m.

Markets

Governor Newsom Enacts Memecoin Ban, Calls It the Antithesis of Trump

In a move that underscores California’s growing willingness to regulate emerging digital assets, Governor Gavin Newsom signed Assembly Bill 2409 into law this week, effectively outlawing the creation and distribution of so‑called memecoins within the state’s jurisdiction. The legislation, which is part of a broader anti‑corruption package, was presented by the governor as a direct contrast to the…

Sept. 28, 2026, 6:21 a.m.

Markets

Governor Newsom Enacts Memecoin Prohibition, Calling It the Antithesis of Trump

In a move that has drawn both applause and criticism, California Governor Gavin Newsom signed Assembly Bill 2409 into law, effectively outlawing the creation, promotion, and sale of so‑called "memecoins" within the state’s jurisdiction. The legislation, which forms a key component of a larger anti‑corruption package, was framed by Newsom as a direct contrast to the approach taken by former Presid…

Sept. 28, 2026, 6:21 a.m.