California’s Newsom signs memecoin ban and calls it ‘The Opposite of Trump’
The California Governor signed AB 2409 as part of an anti-corruption package, framing it as a response to President Trump’s $TRUMP fiasco.
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Summary
- California Gov. Gavin Newsom signed a law barring state public officials from issuing memecoins, part of an 11-bill package addressing corruption, consumer protection and cryptocurrency crime.
- Newsom framed the measure as a rebuke of President Donald Trump, whose $TRUMP token generated billions in losses for holdrers.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
