California Senate passes bill to ban memecoin issuance by public officials

https://s3-images.ctmedia.io/media/article-covers/2026/08/01M142VHEYF1NJ88CYWK7HGE6J/hi-california-vs-maga-memecoins.jpg" />

The bill seeks to prohibit the listing of memecoins issued by federal public officials to California residents, citing conflicts of interest and “pay-to-play arrangements.”