I'd like to point out that about 5.74 billion investors (70% of the worlds population) lost about $1.14 trillion on their entertainment purchases over the last 12 months. I bring this up because of the negative publicity California is bringing and laws they're pushing to ban public officials from creating memecoins or anyone from using public officials likeness in producing memecoins. The question is why are people permitted to invest in (translation buy/rent/subscribe/etc) other entertainment, ya know like hollywood's movies and tv shows/streaming content/etc, but when we start talking memecoins it's an 'investment' and has to be regulated or even banned???? I say this as someone who would NEVER buy a memecoin and I don't 'invest' in memecoins. I do however use cryptocurrencies as cryptocurrencies like Bitcoin were intended (not that I am a fan of BTC, it's not privacy friendly, Monero is better). That is as a means of transferring value/ease conducting business: "The governor's office pointed to reports that about a million investors lost an alleged $3.8 billion on their purchases of the memecoin released by President Donald Trump in 2025 as a the motivation behind the new rule."