[California Meme Coin Bill AB 2409 Passes Both Houses, Bans Public Officials from Issuing or Launching for Residents] According to a report by Jinse Finance, California's meme coin regulatory bill AB 2409 has been passed by both the State Assembly and Senate and is now awaiting the governor's signature to take effect. The bill prohibits public officials and government employees from issuing meme coins and bans the launch and trading of meme coins for California residents starting January 1, 2027. If signed by the governor, the bill will become the first state-level legislation in the United States to impose systematic regulatory constraints on meme coins.