California Governor Gavin Newsom enforces laws to protect child social media influencers from financial exploitation, requiring trusts for their earnings.
California Governor Gavin Newsom has enacted two laws to protect child social media influencers from financial exploitation. Parents must establish trusts for their children under 18 and set aside a percentage of earnings from social media content. These measures expand the historical Coogan Law to cover minors in the digital space, ensuring fair compensation and addressing potential mental health impacts. The laws aim to safeguard children's financial interests in an increasingly profitable social media landscape.
September 26, 2024
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