Digital assets: meme coins.

Legislative status

1. Introduced
2. In Committee
3. Reported by Committee
4. Floor Vote Scheduled
5. Passed One Chamber
6. Passed Both Chambers
7. Sent to Executive
8. Enacted

Summary

The bill bars state and local elected or appointed officers, as well as certain government employees, from issuing meme‑style cryptocurrency. It also prevents digital‑asset exchanges from listing meme coins that feature the likeness of any federal, state, or local public official for California residents. Enforcement is given to the Attorney General and local prosecutors through civil lawsuits seeking injunctions and possible disgorgement.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Vote

Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6645.). · Aug 26, 2026

Hearings

• Appropriations Committee Hearing
  Appropriations · Aug 3, 2026
• Judiciary Committee Hearing
  Judiciary · Jun 30, 2026
• Appropriations Committee Hearing
  Appropriations · May 14, 2026
• Appropriations Committee Hearing
  Appropriations · May 6, 2026
• Banking and Finance Committee Hearing
  Banking and Finance · Apr 20, 2026

History

1. May 28, 2026In Senate. Read first time. To Com. on RLS. for assignment.
2. May 27, 2026Read third time. Passed. Ordered to the Senate. (Ayes 77. Noes 0.)
3. May 19, 2026Read second time. Ordered to third reading.
4. May 18, 2026Read second time and amended. Ordered returned to second reading.
5. May 14, 2026From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (May 14).
6. May 6, 2026In committee: Set, first hearing. Referred to APPR. suspense file.
7. Apr 21, 2026From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 20). Re-referred to Com. on APPR.
8. Apr 20, 2026Re-referred to Com. on B. & F.
9. Apr 16, 2026Read second time and amended.
10. Apr 15, 2026From committee: Amend, and do pass as amended and re-refer to Com. on B. & F. (Ayes 12. Noes 0.) (April 14).
11. Apr 9, 2026Re-referred to Com. on JUD.
12. Apr 8, 2026From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.

The 12 most recent of 16 recorded actions.

Sponsors

• Avelino Valencia (D) · sponsor
• Valencia

Bill text

Opens the legislature’s own copy.

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