Mmastodon BusinessCrypto first seen 5 h ago, last 1 h ago, peak #7

Newsom Pushes Legislation to Block Officials From Issuing Meme Coins

Original: Leg builds:⚡on Newsom’s ongoing efforts to lev the playing field for workers & consumers, aiming to prevent🚨pub ofcls fr

California Governor Gavin Newsom is backing legislation aimed at protecting workers and consumers by barring public officials from issuing meme coins, targeting predatory practices and holding bad actors accountable while recovering funds for victims. The measure is framed against the Trump administration, which supporters say has blocked similar consumer protections, drawing criticism from opponents who see it as politically motivated.

Why now: Ongoing political clash over crypto regulation and consumer protection between California's governor and the Trump administration

Gavin NewsomCaliforniaTrump administration

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Rank over time, top of the chart is #1. 4 snapshots from 5 h ago to 1 h ago.

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• Leg builds:⚡on Newsom’s ongoing efforts to lev the playing field for workers & consumers, aiming to prevent🚨pub ofcls from issuing meme coins, protect consumers from predatory practices, hold bad actors accountable➕recover💰for victims *while the # Trump admin... Bars Cal pub… · KimPerales@toad.social · 5

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