California legislation · 2025-2026 Regular Session
California AB2409: Digital assets: meme coins.
Status: Chaptered, September 27, 2026
What the bill says
An act to add Chapter 37 (commencing with Section 7599.210) to Division 7 of Title 1 of the Government Code, relating to digital assets. digital assets Digital assets: meme coins. Existing law prohibits a state officer or employee from engaging in any employment, activity, or enterprise that is clearly inconsistent, incompatible, in conflict with, or inimical to their duties…
From the chaptered text, September 27, 2026:
An act to add Chapter 37 (commencing with Section 7599.210) to Division 7 of Title 1 of the Government Code, relating to digital assets. digital assets Digital assets: meme coins. Existing law prohibits a state officer or employee from engaging in any employment, activity, or enterprise that is clearly inconsistent, incompatible, in conflict with, or inimical to their duties. Existing law also prohibits specified local agency officers or employees from engaging in any employment, activity, or enterprise for compensation that is inconsistent, incompatible, or in conflict with, or inimical to, their duties, as specified. This bill would prohibit a public officer or public employee, as those terms are defined, from issuing a meme coin. The bill would prohibit a digital asset service provider, as defined, from listing for sale on behalf of, or for purchase by, a California resident a meme coin issued on or after January 1, 2027, that is offered by, or in partnership with, a federal public official or a state or local public officer. This bill would authorize the Attorney General, a district attorney, city attorney, or county counsel to enforce these prohibitions by filing a civil action, as specified. MAJORITY NO YES NO NO NO NO NO NO NO NO The people of the State of California do enact as follows: SECTION 1. The Legislature …
Sponsors
- Avelino Valencia (D, AD68) · primary sponsor
Latest actions
- : Chaptered by Secretary of State - Chapter 473, Statutes of 2026.
- : Approved by the Governor.
- : Enrolled and presented to the Governor at 4 p.m.
- : In Assembly. Concurrence in Senate amendments pending.
- : Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6645.).
- : Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0.).
- : Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.).
- : Read second time. Ordered to third reading.
- : Read third time and amended. Ordered to second reading.
- : Read second time. Ordered to third reading.
Votes
- Assembly 3rd Reading AB2409 Valencia By McNerney (August 26, 2026): 40 yea, 0 nay, passed
- AB 2409 Valencia Concurrence in Senate Amendments (August 26, 2026): 78 yea, 0 nay, passed
- Do pass as amended, but first amend, and re-refer to the Committee on [Appropriations] (June 30, 2026): 13 yea, 0 nay, passed
- AB 2409 Valencia Assembly Third Reading (May 27, 2026): 77 yea, 0 nay, passed
- Do pass as amended. (May 14, 2026): 11 yea, 0 nay, passed
- Do pass and be re-referred to the Committee on [Appropriations] (April 20, 2026): 9 yea, 0 nay, passed
Common questions
- What is AB2409?
- AB2409 is a bill in the California Legislature (2025-2026 Regular Session): Digital assets: meme coins.
- What does AB2409 do?
- In its own words: An act to add Chapter 37 (commencing with Section 7599.210) to Division 7 of Title 1 of the Government Code, relating to digital assets. digital assets Digital assets: meme coins. Existing law prohibits a state officer or employee from engaging in any employment, activity, or enterprise that is clearly inconsistent, incompatible, in conflict with, or inimical to their duties…
- What is the status of AB2409?
- Chaptered as of September 27, 2026. Latest action: Chaptered by Secretary of State - Chapter 473, Statutes of 2026. (September 27, 2026).
- Who sponsored AB2409?
- Avelino Valencia (D, AD68).
- Where is the official record for AB2409?
- On the California Legislature website: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202520260AB2409
Source: official California record. Tracked by Delilah, AI for legislation across all 50 states and Congress.