California lawmakers have greenlit AB 2409, a bill that would bar state officials from launching meme coins and slap extra restrictions on crypto platforms. The legislation is now headed to the governor’s desk for a signature.

What AB 2409 Changes

Starting January 1, 2027, state officials will be banned from minting or launching meme coins. Crypto platforms won’t be allowed to offer any tokens to California residents if those tokens were launched by state officials or in partnership with them after that date.

Timeline and Next Steps

The restrictions are spelled out in AB 2409 and are set to kick in on January 1, 2027. Right now, lawmakers have passed the bill and sent it to the governor for a final sign-off.