Mmastodon BusinessCrypto first seen 14 h ago, last 5 h ago, peak #7

California Bans Public Officials From Issuing Memecoins

Original: 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.

Why now: Ongoing backlash over politicians and celebrities launching memecoins that cost retail investors heavily.

CaliforniaMemecoinsCryptocurrency

Open on mastodon →

Evidence

• California Is Banning Public Officials From Making Memecoins ｢ The state's public officials are not permitted to issue memecoins, a form of cryptocurrency based on online jokes, trends or celebrities. The governor's office pointed to reports that about a million investors lost… · jbz@indieweb.social · 7

API: https://socialmediatrends-api.osmike.com/v1/trends/384525