Mmastodon BusinessCrypto first seen 12 h ago, last 5 h ago, peak #7
California bans public officials from making memecoins
Original: California is banning public officials from making memecoins https://www.engadget.com/2271475/california-is-banning-publ
California has enacted a ban barring public officials from creating or promoting memecoins, the joke-driven cryptocurrencies often used to cash in on political fame. Engadget reports the move as part of growing US scrutiny of officials profiting from crypto ventures. It follows national debate over politicians launching or endorsing digital tokens, including the TRUMP memecoin controversy, and reflects tightening state-level ethics rules.
Why now: Regulators are cracking down on politicians potentially profiting from speculative crypto tokens.
Evidence
- California is banning public officials from making memecoins https://www.engadget.com/2271475/california-is-banning-public-officials-from-making-memecoins/ # Technology # Crypto # Regulation · engadget@robot.villas · 2
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