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- 1California Bans Public Officials From Issuing Memecoins●California Is Banning Public Officials From Making Memecoins ｢ The state's public officials are not permitted to issue m
California has moved to bar public officials from issuing memecoins, the joke-based cryptocurrencies that often surge and crash on hype. The governor's office cited reports that around a million investors lost money in such schemes. The move comes amid heightened scrutiny of celebrity and political figures profiting from speculative crypto tokens.