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
Read second time. Ordered to third reading.
May 19, 2026
Topics
Legislative history
Read second time. Ordered to third reading.
Read second time and amended. Ordered returned to second reading.
From committee: Amend, and do pass as amended. (Ayes 11. Noes 0.) (May 14).
In committee: Set, first hearing. Referred to APPR. suspense file.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 9. Noes 0.) (April 20). Re-referred to Com. on APPR.
Re-referred to Com. on B. & F.
Read second time and amended.
From committee: Amend, and do pass as amended and re-refer to Com. on B. & F. (Ayes 12. Noes 0.) (April 14).
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.