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Governor Newsom Enacts Ban on Memecoins, Labels It "The Antithesis of Trump"
In a decisive move that underscores Californiaā€™s growing appetite for regulatory oversight of emerging digital assets, Governor Gavin Newsom signed Assembly Bill 2409 into law this week. The legislation, which effectively bans the issuance and promotion of soā€‘called "memecoins" within the state, is being hailed by the governorā€™s office as a proactive step to protect consumers from speculative fraā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Memecoins, Labels It ā€˜The Antithesis of Trumpā€™
Californiaā€™s chief executive, Governor Gavin Newsom, has taken a decisive step against the burgeoning world of memeā€‘driven cryptocurrencies by signing Assembly Bill 2409 into law. The legislation, which forms part of a broader antiā€‘corruption package, effectively bans the promotion, sale, and distribution of soā€‘called ā€œmemecoinsā€ within the stateā€™s jurisdiction. In announcing the bill, Newsom fraā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Memecoins, Labels It 'The Antithesis of Trump'
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Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Ban on Meme Coins, Labels It ā€œThe Antithesis of Trumpā€
In a decisive move that underscores Californiaā€™s growing reputation as a regulatory trailblazer in the digitalā€‘currency arena, Governor Gavin Newsom signed Assembly Bill 2409 into law on Thursday. The legislation, which forms a central component of a sweeping antiā€‘corruption package, specifically targets soā€‘called "meme coins"ā€”cryptocurrencies that achieve notoriety primarily through viral internā€¦
Sept. 28, 2026, 6:21 a.m.
Markets
California Governor Newsom Enacts Memecoin Prohibition, Labels It ā€œThe Antithesis of Trumpā€
In a decisive move that underscores Californiaā€™s growing appetite for regulatory oversight of digital assets, Governor Gavin Newsom affixed his signature to Assembly Bill 2409, a piece of legislation that effectively bans the creation, promotion, and sale of soā€‘called ā€œmemecoinsā€ within the stateā€™s jurisdiction. The bill is part of a larger antiā€‘corruption package designed to tighten transparencyā€¦
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 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, 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 antiā€‘corruption package, specifically targets soā€‘called "memecoins" ā€“ a class of digital assets that gained notoriety for their rapid price spikes, viral markeā€¦
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 aggressive stance against emerging financial scams, Governor Gavin Newsom signed Assembly Bill 2409 into law this week, effectively outlawing the creation, promotion, and sale of soā€‘called memecoins within the stateā€™s jurisdiction. The legislation, which is part of a larger antiā€‘corruption package designed to tighten oversight of digital assets, was framed ā€¦
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
California Governor Newsom Enacts Ban on Memecoins, Labels It ā€œThe Opposite of Trumpā€
In a move that has drawn both applause and criticism, California Governor Gavin Newsom signed Assembly Bill 2409 into law this week, effectively prohibiting 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 introduced by the state legislature, seeks to curb what officials describe as a newā€¦
Sept. 28, 2026, 6:21 a.m.