# California Bars Officials From Launching Memecoins as Newsom Brands New Law ‘The Opposite of Trump’

Donald Trump reports $636 million in memecoin royalties on his financial disclosure. The nearly one million people who bought that coin have lost a combined $3.81 billion. California has now made sure its own politicians can't try the same thing. Gov. Gavin Newsom signed AB 2409 into law on Sunday.

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| Published | 28 September 2026 |

Source: https://egamers.io/california-bars-officials-from-launching-memecoins-as-newsom-brands-new-law-the-opposite-of-trump/