California Sends Politician Memecoin Ban to Governor Newsom

California’s Senate passed AB 2409, the Digital Assets: Meme Coins bill, 40-0 on Aug. 26, and the Assembly concurred in the Senate amendments by 78-0, sending the measure to Governor Gavin Newsom. The votes put a proposed ban on public officers and certain public employees issuing meme coins before the governor after unanimous approval in both chambers.

AB 2409 clears California chambers

The legislative action was recorded in the bill’s official history, which shows the Senate approval and the Assembly’s concurrence on the same day. Following those votes, AB 2409 entered engrossing and enrolling, the legislative processing stage reflected in the state record.

That status follows the Legislature’s approval of the measure as amended by the Senate. Newsom is now the next decision-maker named in the bill’s path, with the proposal awaiting his action.

The bill’s passage is notable for the absence of recorded opposition in either chamber: all 40 senators voted in favour, while the Assembly concurrence vote was 78-0. The official record does not itself indicate what action the governor will take.

… Continue reading the full article at the original source below.