California governor signs bills restricting public officials’ Meme coin issuance and related listings
BIBIBI
AT A GLANCE
California reportedly bans public officials from issuing Meme coins and restricts the listing of related tokens.
Article
California, US, legislates to ban public officials from issuing Meme coins; Governor Newsom singles out and criticizes TRUMP’s personal Meme coin TRUMP BlockBeats news,September 28, California Governor Newsom signed multiple bills on September 27, with measures including: banning California public officials from issuing Meme coins, while also prohibiting trading platforms from listing Meme coins that use the likeness of public officials; cracking down on cryptocurrency fraud and money laundering and establishing a victim restitution mechanism; and clarifying procedures for the seizure of crypto assets linked to transnational criminal networks.
In the signing statement, Newsom specifically criticized TRUMP’s personal Meme coin issued in 2025 year,TRUMP saying that nearly 1000000 purchasers collectively lost more than 3000000000 USD, while TRUMP himself profited approximately 636000000 USD.
Original link https://m.theblockbeats.info/flash/369221
Key points
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BlockBeats said that Newsom signed multiple bills on September 27.
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The measures described in the report include banning California public officials from issuing Meme coins.
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The measures described in the report include prohibiting trading platforms from listing Meme coins that use the likeness of public officials.
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The bills also address cryptocurrency fraud, money laundering, victim restitution, and procedures for seizing crypto assets linked to transnational criminal networks.
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Newsom specifically criticized TRUMP’s 2025 personal Meme coin issued in TRUMP。
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Newsom said that nearly 1000000 purchasers collectively lost more than 3000000000 USD, while TRUMP himself profited approximately 636000000 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report focuses on California’s restrictions on the issuance of Meme coins related to public officials and their listing on trading platforms, and mentions Newsom’s criticism of TRUMP token.
Why it matters to readers
If the report’s content and scope of application are confirmed by official documents, trading and compliance arrangements for the relevant tokens in California may be affected.
Meme coins are generally crypto tokens themed around people, events, or internet popular culture; policy restrictions may affect their issuance and listing on trading platforms.
Risks and unknowns
The materials do not provide the full text, bill numbers, or original signing statement of the California government’s bills.
Based solely on the materials, the bills’ effective date and specific scope of enforcement cannot yet be confirmed.
Based solely on the materials, it cannot yet be confirmed whether the bills apply to TRUMP or their actual impact on California residents.
The figures for purchaser losses and TRUMP’s profits are claims made in Newsom’s statement and remain subject to verification against official materials.
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Related concepts
Meme Coins
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