California governor Gavin Newsom is teasing plans to launch a “Trump Corruption Coin” as a direct response to Donald Trump’s controversial involvement in crypto, especially through Memecoins.
Speaking to “pivot” PodcastNewsom said the planned Memecoin, named clearly after Trump’s alleged scandals, were part of his broader initiative “Democracy campaign”, with proceeds from the coin going to repair voter’s efforts and outreach.
“We’re about to put a meme coin,” Newsom said in an interview. “And you know what, Donald Trump? We’ll see how well your coin is doing compared to our coin.” When asked if it would be called “Gavin Coin,” the governor replied: “No, this is a Trump corruption coin.”
“We’re just trying to get the heat and the people in the ignorance,” he added. “This is one of the great grifters of our time,” Newsom said of Trump. “None of this is normal.”
Gavin Newsom: “We’re about to put a meme coin.”
Kara Swisher: “Is this going to be a golden gavin coin?”
NEWSOM: “No, it’s Trump Corruption Coin … This is one of the best grifters of our time … His family was sent before these foreign journeys that make deals. Crony capitalism … pic.twitter.com/hnknqlm9gi
– Blue Georgia (@blueatlgeorgia) August 29, 2025
Related: China can use crypto control over Trump’s family wealth
Trump’s rakes in millions from crypto
Trump, who embraced the crypto as part of his post-presidency branding, touted huge revenue from deals with digital assets, including his personal memecoin and NFT.
In June, he revealed to earn $ 57.4 million From his stake to World Liberty Financial. In his 2025 public financial disclosure, filed in the government ethics office, Trump reported holding 15.75 billion WLFI management tokens. Files are characteristic of income in token sales.
He even held a private dinner Earlier this year with the consumers of his token themed Trump. Meanwhile, his company, the Trump Media and Technology Group, claimed in July to Hold $ 2 billion in bitcoin and other digital possessions.
Earlier this month, the New Yorker claimed Trump has gathered approximately $ 2.4 billion From Crypto -related adventures since 2022. The report noted that these adventures had about 44% of the wealth during Trump’s political period, which raised concerns over potential conflicts of interest.
Related: Trump has 11 on his Fed Chair list, 3 can be crypto-friendly
The newsom is joking about Trump’s style
The statement came in the midst of a broader campaign by the newsom of Parody Trump’s bondage. Last week, the Governor used his official account at the office of the X office to mimic the signature of all Trump’s tweets.
“Except for what’s written and broadcast in fake news, I already have the highest polling number I have, some of the 60’s and even 70’s. Thanks. Make America Gavin again !!! – GCN,” write In a post.
He too launched An online store that sells style merchandise, including Red Hats labeled “Newsom is right about everything!”
Magazine: Crypto adventures of Trump’s crypto raises conflict of interest, insider trading questions
