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Early discussions on how to spend the money have included mental health services for first responders and survivors, training displaced workers for construction jobs, grants for the underinsured and land trusts to discourage speculators.

Newsom also has issued an order to protect fire victims from predatory land speculators who make unsolicited and undervalued offers.

Meme-coins are often used by speculators to make money or to allow fans to show support to a celebrity or moment in internet culture.

Such digital tokens are notorious for speculators using hype to pump up the value before selling at the top of the market, leaving latecomers to count their losses as the price crashes.

Newsom’s order to protect fire victims from predatory land speculators makes unsolicited and undervalued offers a misdemeanor offense for three months.