Cryptocurrency28 Sept 2026SEO 801 min read

Analysis: California's Newsom signs memecoin ban and calls it 'The Opposite of Trump'

The California Governor signed AB 2409 as part of an anti-corruption package, framing it as a response to President Trump's $TRUMP fiasco. California Gov.…

The California Governor signed AB 2409 as part of an anti-corruption package, framing it as a response to President Trump's $TRUMP fiasco. California Gov. Gavin Newsom signed a law barring state public officials from issuing memecoins, part of an 11-bill package addressing corruption, consumer protection and cryptocurrency crime. Newsom framed the measure as a rebuke of President Donald Trump, whose $TRUMP token generated billions in losses for holdrers. President Donald Trump has made mil…

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