Public officers: meme coins.
Summary
This bill prohibits public officers and employees in California—including state and local elected or appointed officials and board members—from issuing meme coins, which are digital assets inspired by internet memes or trends designed to attract online communities for trading. The California Attorney General is authorized to enforce this prohibition through civil court actions seeking to stop the issuance of meme coins and recover any profits gained, with the bill providing specific definitions for relevant cryptocurrency and digital asset terms.
Sponsor
Last action
Re-referred to Com. on JUD.
Apr 9, 2026
Topics
Legislative history
Re-referred to Com. on JUD.
From committee chair, with author's amendments: Amend, and re-refer to Com. on JUD. Read second time and amended.
Re-referred to Coms. on JUD. and B. & F. pursuant to Assembly Rule 96.
Referred to Coms. on B. & F. and JUD.
From printer. May be heard in committee March 23.
Read first time. To print.