[California Legislation Bans Public Officials from Issuing Meme Coins, Governor Newsom Criticizes Trump's Personal Meme Coin TRUMP] BlockBeats News, September 28: On September 27, California Governor Newsom signed multiple bills into law, including measures to prohibit California public officials from issuing meme coins and to ban trading platforms from listing meme coins that use the likeness of public officials. The legislation also targets cryptocurrency fraud and money laundering, establishes mechanisms for victim compensation, and clarifies procedures for confiscating crypto assets tied to transnational criminal networks. In his signing statement, Newsom specifically criticized Trump's personal meme coin, TRUMP, issued in 2025, claiming that nearly 1 million buyers collectively lost over $3 billion, while Trump himself profited approximately $636 million. [Original Link]