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Post #4053
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πΊπΈ California moves to restrict political meme coins
California Gov. Gavin Newsom signed legislation barring state public officials from issuing meme coins and restricting companies from listing tokens that use officialsβ likenesses.
The law also strengthens crypto-fraud restitution, money-laundering enforcement and the seizure of digital assets linked to transnational criminal networks. It expands consumer protections covering ticket sales, reservations and personal data.
Newsomβs office described the measure as an anti-corruption effort, pointing to President Donald Trumpβs meme coin as an example of the risks of officials profiting from speculative tokens.
π¦ Roobet β The #1 Crypto Casino & Sportsbook.
California Gov. Gavin Newsom signed legislation barring state public officials from issuing meme coins and restricting companies from listing tokens that use officialsβ likenesses.
The law also strengthens crypto-fraud restitution, money-laundering enforcement and the seizure of digital assets linked to transnational criminal networks. It expands consumer protections covering ticket sales, reservations and personal data.
Newsomβs office described the measure as an anti-corruption effort, pointing to President Donald Trumpβs meme coin as an example of the risks of officials profiting from speculative tokens.
π¦ Roobet β The #1 Crypto Casino & Sportsbook.
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