Targeting Trump, California Governor Gavin Newsom Signs Bill Banning Public Officials From Issuing Memecoins

California Governor Gavin Newsom signed a bill banning state public officials from launching memecoins. The legislation, Assembly Bill 2409, also prohibits crypto service providers from selling any memecoin associated with federal, state, or local officials to California residents. The bill targets potential conflicts of interest in the crypto sector. The post appeared on The Daily Hodl.