California bans public officials from issuing meme coins, targeting Trump-linked tokens

California Governor Gavin Newsom signed a law prohibiting public officials and employees from issuing meme coins or tokens, effective immediately. The measure appears aimed at preventing officials from profiting from speculative digital assets, with explicit implications for Trump-branded memecoins. The law's scope and enforcement mechanisms remain unclear, but it marks a notable state-level regulatory move in the crypto space.