In an intriguing move, California Governor Gavin Newsom has announced plans to launch a new memecoin, dubbed the “Trump Corruption Coin”, aimed at highlighting the perceived absurdities of Donald Trump’s ventures in the cryptocurrency space. This initiative is part of Newsom’s broader “Campaign for Democracy”, which focuses on redistricting efforts and voter outreach initiatives.
During a recent appearance on the “Pivot” podcast, Newsom elaborated on the coin’s purpose, stating, “We’re about to put a meme coin out. And you know what, Donald Trump? We’ll see how well your coin does versus our coin.” He clarified that the coin would not be named after himself, responding to a question about a potential “Gavin Coin” with, “No, it’s Trump Corruption Coin.” This statement underscores Newsom’s stance on Trump’s actions, as he characterized the former president as “one of the great grifters of our time.”
“We’re just trying to turn up the heat and tune people into the absurdity,” Newsom added during the interview.
Governor Newsom’s comments occur against the backdrop of Trump’s ongoing involvement in the cryptocurrency market, which has raised eyebrows and sparked debates over potential conflicts of interest. Trump has embraced digital assets as part of his branding strategy following his presidency, claiming significant profits from various ventures, including his own memecoin and NFTs. In his 2025 public financial disclosure, Trump reported earnings of approximately $57.4 million from his stake in World Liberty Financial, along with holding 15.75 billion WLFI governance tokens.
Additionally, his company, Trump Media and Technology Group, has reported holding over $2 billion in Bitcoin and other digital assets. Recent estimates suggest that Trump has accumulated an astonishing $2.4 billion from crypto-related activities since 2022, which now represent nearly 44% of his political-era wealth, raising questions about potential insider trading and conflicts of interest.
Amidst these developments, Newsom has taken to social media to parody Trump’s distinctive branding style. Utilizing his official press office account on X, he has mimicked Trump’s characteristic all-caps tweets, stating, “EXCEPT WHAT IS WRITTEN AND BROADCAST IN THE FAKE NEWS, I NOW HAVE THE HIGHEST POLL NUMBERS I’VE EVER HAD, SOME IN THE 60’S AND EVEN 70’S. THANK YOU. MAKE AMERICA GAVIN AGAIN!!!”
Furthermore, Newsom has launched an online store featuring merchandise reminiscent of Trump’s campaign style, including hats emblazoned with the phrase “NEWSOM WAS RIGHT ABOUT EVERYTHING!” This endeavor marks a significant component of his campaign strategy, aiming to engage and resonate with voters by leveraging humor and satire.
As the political landscape evolves, the emergence of the “Trump Corruption Coin” presents a unique intersection of politics and cryptocurrency, illustrating how figures like Newsom and Trump utilize digital assets within their broader narratives and campaigns.
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