CA AB2409

Prohibits all California public officers and employees from issuing meme coins, defined as digital assets inspired by internet memes, characters, current events, or trends designed to attract online communities for trading

Covers state and local elected and appointed officials, including legislators and members of governmental boards, commissions, and committees (even advisory bodies)

Authorizes the Attorney General to enforce the prohibition through civil actions seeking injunctive relief to immediately stop meme coin issuance

Permits courts to order disgorgement of profits obtained from prohibited meme coin activities

Defines key terms including "digital asset," "meme coin," "nonfungible token," and "stablecoin" by reference to blockchain-based technologies and existing Financial Code definitions