A California bill against Meme coins has completed the state council process and the next step will be for the Governor to decide whether to sign. The Act focuses on restricting the participation of public officials and government employees in the distribution of Meme coins and also deals with marketing arrangements for residents of the Länder.
The bill is in both houses.
AB 2409 has passed the California House of Representatives and Senate and is currently awaiting approval by the Governor. If signed by the Governor, the bill will enter into the implementation phase and become the latest legislative move in California against Meme currency activities.
Since 2027, restricted sales
The bill proposes that public officials and government employees may not issue Meme coins. As of 1 January 2027, the relevant Meme currency may also not, in principle, be sold to residents of California unless the bill specifies that it can be provided by a specific federal or state official.
- Public officials and government employees are prohibited from issuing Meme coins
- Restriction of the meme-buying channels for Californians.
- Some of the exceptions are listed separately in the Bill.
Local authorities can initiate civil action
At the law enforcement level, the Act empowers the Attorney-General of California, the District Attorney, municipal lawyers or county legal advisers to enforce the prohibition through civil proceedings. This means that legal action for violations can be taken at the state and local levels.
From a policy point of view, the bill is aimed primarily at the relationship of interest between public status and Meme currency activity, and may also raise the threshold of compliance in the California market.