California AB 2409 approved to bar public officials from issuing meme coins and restrict related listings

California lawmakers passed AB 2409, a bill that would prohibit state and local public officials from issuing meme coins and would require digital asset platforms to restrict certain official-linked tokens for California residents starting in 2027 ^[1].

Crypto Briefing reported that AB 2409 passed both chambers unanimously, banning public officials from launching meme coins ^[2].

Cointelegraph reported that the California Senate passed the bill and said it would bar the listing of meme coins issued by federal public officials to California residents, citing conflicts of interest and “pay-to-play arrangements” ^[3].

Blockonomi reported additional provisions in AB 2409, including that exchanges must block certain official-linked meme coins for California residents after January 1, 2027, and that the bill would allow California prosecutors to sue officials and pursue disgorgement of profits ^[4].