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California's "Meme Coin Bill" AB2409 passes both chambers of the state legislature, pending the governor's signature.

1 hours ago

California’s meme coin regulatory bill AB 2409 has passed both the state’s Assembly and Senate, and is now submitted to the Governor’s office awaiting signature. The legislation will ban California public officials and government employees from issuing meme coins, and prohibit digital asset service providers from offering California residents trading services for meme coins issued or co-launched by federal, state, or local public officials starting January 1, 2027. If signed, AB 2409 will become one of the first U.S. state-level regulations targeting politicians issuing meme coins.

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Chainlink’s strategic reserve has increased its holdings by 92,000 LINK tokens, bringing the total value of its position to $66.44 million.

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