California is banning public officials from making memecoins

California Governor Gavin Newsom has signed legislation restricting public officials from issuing memecoins, a form of cryptocurrency based on online jokes, trends, or celebrities. The move comes amid reports that about a million investors lost an alleged $3.8 billion on the memecoin released by President Donald Trump in 2025. "No official should profit off their office — and we're putting stronger protections in place to ensure it doesn't happen in our state," Newsom said.

The bill also prohibits companies from creating memecoins using "the likeness or image" of a public official. The governor's office cited concerns about officials leveraging their position for personal financial gain.

In addition to the memecoin restrictions, Newsom has signed bills creating processes for helping crypto fraud victims recoup their money and codifying approaches for seizing crypto assets from transnational criminal networks. The legislation is part of broader efforts to regulate cryptocurrency activities in California.

加州州长加文·纽森签署立法，限制公职人员发行模因币，即基于网络笑话、趋势或名人的加密货币。此举紧随报道显示，约100万投资者在2025年

总统唐纳德·特朗普发行的模因币上损失约38亿美元。纽森州长表示：“没有人应该从职务中获利——我们正在采取更强有力的保护措施，确保此类情况不在我们州发生。该法案还禁止公司利用“公职人员的肖像或肖像发行模因币。州长办公室引用了官员利用职务谋取个人财务获利的担忧。除了模因币限制外，纽森州长还签署了其他法案，旨在帮助加密货币诈诈受害者追回资金，并规定了从跨国犯罪网络中扣押加密货币的办法。该立法是加州更广泛监管加密货币活动的更广泛努力。