California Gov. Gavin Newsom bans public officials from launching memecoins, takes aim at Trump

Crypto Insight Summary: Newsom signed several other bills, including one intended to set clearer rules for restitution when investors lose money in crypto scams. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulation on public officials has limited market impact; restitution rules provide minor investor protection.