Posteo
Mian Bilal Ali
$TRUMP California has just included political $MEME coins in its ban, yet $TRUMP remains around $2, with about $220 million traded in 24 hours. Many headlines have exaggerated the law.
On September 27, Newsom signed AB 2409. It prohibits California state and local officials, as well as certain public officials, from issuing Meme coins; for federal officials like Trump, the state law mainly blocks channels: from January 1, 2027, service providers are not allowed to offer new coins issued.
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