Politics
California Bans Officials’ Memecoins After TRUMP Buyers Lost $3.8B
Bitcoin.com News·September 28, 2026·1 min read
California banned state and local public officers from issuing memecoins, targeting conflicts of interest after President Donald Trump's token generated proceeds for him while many buyers lost $3.8B. Governor Gavin Newsom also signed a separate measure addressing crypto fraud and victim recovery.
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