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California Bans Public Officials From Issuing Memecoins

Original: California Is Banning Public Officials From Making Memecoins ｢ The state's public officials are not permitted to issue m

California has moved to bar public officials from issuing memecoins, the joke- and trend-based cryptocurrencies that have repeatedly burned retail investors. The governor's office cited reports that roughly one million investors lost money in such schemes, framing the ban as an ethics measure to stop officials profiting from speculative tokens while in office.

Why now: Concerns over politicians launching or profiting from risky memecoins, following high-profile losses by investors, are prompting new conflict-of-interest rules.

Californiamemecoins

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Evidence

• California Is Banning Public Officials From Making Memecoins ｢ The state's public officials are not permitted to issue memecoins, a form of cryptocurrency based on online jokes, trends or celebrities. The governor's office pointed to reports that about a million investors lost… · jbz@indieweb.social · 4

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