Docket Room
AB 2409·CA·house

Digital assets: meme coins.

Passed One ChamberFiled Feb 20, 2026
Sponsor: Avelino Valencia (D)
Latest Action

Read second time and amended. Re-referred to Com. on APPR.

Jul 2, 2026

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.

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