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California Governor Newsom Enacts Ban on Memecoins, Labels It ‘The Antithesis of Trump’

California’s chief executive, Governor Gavin Newsom, has taken a decisive step against the burgeoning world of meme‑driven cryptocurrencies by signing Assembly Bill 2409 into law. The legislation, which forms part of a broader anti‑corruption package, effectively bans the promotion, sale, and distribution of so‑called “memecoins” within the state’s jurisdiction. In announcing the bill, Newsom fra…

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, effectively outlawing the creation, promotion, and sale of so‑called "memecoins" within the state’s jurisdiction. The legislation, which forms part of a larger anti‑corruption package, was framed by the governor’s office as a direct response to the chao…

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

Markets

California Governor Newsom Enacts Ban on Meme Coins, Labels It "The Antithesis of Trump"

In a decisive move that underscores California’s growing regulatory vigilance over digital assets, Governor Gavin Newsom signed Assembly Bill 2409 into law this week. The legislation, which targets so‑called meme cryptocurrencies—high‑profile tokens that often gain popularity through viral internet memes rather than any substantive technological innovation—forms a central pillar of a larger anti‑…

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 praise and criticism from various corners of the financial and political worlds, California Governor Gavin Newsom signed Assembly Bill 2409 into law on Tuesday, effectively outlawing the creation, promotion, and sale of so‑called “memecoins” within the state’s jurisdiction. The legislation, which is part of a larger anti‑corruption package aimed at curbing dubious fi…

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 resolve to curb speculative financial products, Governor Gavin Newsom affixed his signature to Assembly Bill 2409, a legislative proposal that effectively bans the creation, promotion, and sale of meme‑driven cryptocurrencies—often colloquially referred to as “memecoins.” The bill is embedded within a larger anti‑corruption package aimed at…

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 underscores California’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 so‑called memecoins within the state’s jurisdiction. The legislation, which is part of a larger anti‑corruption package designed to tighten oversight of digital assets, was framed …

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

Markets

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

In a move that underscores California’s aggressive stance on financial regulation and political accountability, Governor Gavin Newsom signed Assembly Bill 2409 into law this week. The legislation, which targets the rapidly expanding market for so‑called "memecoins," is being promoted by the governor as a direct antidote to the kind of speculative and potentially corrupt financial behavior that ma…

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 speculative digital assets, Governor Gavin Newsom signed Assembly Bill 2409 into law, effectively prohibiting the creation, promotion, and distribution of so‑called "memecoins" within the state’s jurisdiction. The legislation, which forms part of a larger anti‑corruption package aimed at tightening oversight of financial frau…

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

Markets

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

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 so‑called “memecoins” within the state’s jurisdiction. The legislation, which is part of a larger anti‑corruption package introduced by the state legislature, seeks to curb what officials describe as a new…

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

Markets

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

In a decisive move that underscores California’s growing reputation as a regulatory trailblazer in the digital‑currency arena, Governor Gavin Newsom signed Assembly Bill 2409 into law on Thursday. The legislation, which forms a central component of a sweeping anti‑corruption package, specifically targets so‑called "meme coins"—cryptocurrencies that achieve notoriety primarily through viral intern…

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