California Governor Signs Bill Prohibiting Public Officials from Issuing Meme Tokens
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California Governor Gavin Newsom signed several bills on September 27, including AB 2409, which prohibits California public officials from issuing meme tokens and bans businesses from using the names, images, or likenesses of public officials in meme tokens. SB 1208 enhances anti-money laundering measures related to crypto assets, including mechanisms for asset recovery and victim compensation, and establishes clearer legal procedures for seizing crypto assets held by transnational criminal networks.
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