Gavin Newsom’s “The Opposite of Trump” law.
California Governor Gavin Newsom signed a law barring state officials from issuing memecoins, part of a package his office branded “The Opposite of Trump.” The move directly targets the president’s $TRUMP coin, which earned Trump $636 million in royalties while nearly 989,000 buyers lost a combined $3.81 billion. CoinDesk’s Uyen Truong hosts “CoinDesk Daily.”
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This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.
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This episode is brought to you by Grayscale, the world’s largest digital asset-focused investment platform. Grayscale’s mission is to make digital asset investing simple and open to every investor. Learn more at grayscale.com.
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This episode was hosted by Uyen Truong . “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.