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California · 2025–26 Regular Session · Assembly Bill

AB 2409: Digital assets: meme coins.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

AB 2409 is a assembly bill introduced in the California Assembly on February 20, 2026. According to its official title, it concerns: Digital assets: meme coins. Primary sponsor: Avelino Valencia (D). Most recent recorded action (September 27, 2026): Chaptered by Secretary of State - Chapter 473, Statutes of 2026.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Legislative Counsel’s Digest (official, as of the latest version). Written by nonpartisan legislative staff; reproduced verbatim.

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.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Avelino ValenciaPrimary sponsorDemocraticAssembly68

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. Chaptered by Secretary of State - Chapter 473, Statutes of 2026.
  2. Approved by the Governor.
  3. Enrolled and presented to the Governor at 4 p.m.
  4. Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 78. Noes 0. Page 6645.).
  5. In Assembly. Concurrence in Senate amendments pending.
  6. Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0.).
  7. Read second time. Ordered to third reading.
  8. Read third time and amended. Ordered to second reading.
  9. Read second time. Ordered to third reading.
  10. From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
  11. Read second time and amended. Re-referred to Com. on APPR.
  12. From committee: Amend, and do pass as amended and re-refer to Com. on APPR. (Ayes 13. Noes 0.) (June 30).

Sources

  1. California Legislative Information — pubinfo database export
  2. Official bill page