California Governor Gavin Newsom has teased plans to launch a “Trump Corruption Coin” as a direct response to Donald Trump’s controversial involvement in crypto, particularly by means of memecoins.
Talking on the “Pivot” podcast, Newsom, a Democrat, mentioned the deliberate memecoin, named explicitly after Trump’s alleged scandals, is a part of his broader “Marketing campaign for Democracy” initiative, with proceeds from the coin going towards redistricting efforts and voter outreach.
“We’re about to place a meme coin out,” Newsom mentioned through the interview. “And you understand what, Donald Trump? We’ll see how nicely your coin does versus our coin.” When requested if it could be referred to as a “Gavin Coin,” the governor replied: “No, it’s Trump Corruption Coin.”
“We’re simply attempting to show up the warmth and tune folks into the absurdity,” he added. “This is likely one of the nice grifters of our time,” Newsom mentioned of Trump. “None of that is regular.”
Gavin Newsom: “We’re about to place a meme coin out.”
Kara Swisher: “Is it going to be gold Gavin Coin?”
Newsom: “No, it is Trump Corruption Coin… this is likely one of the nice grifters of our time… His household is distributed out earlier than these international journeys doing offers.The crony capitalism… pic.twitter.com/HNknqlm9Gi
— Blue Georgia (@BlueATLGeorgia) August 29, 2025
Associated: China might leverage crypto management over Trump household wealth
Trump rakes in hundreds of thousands from crypto
Trump, who has embraced crypto as a part of his post-presidency branding, has touted huge earnings from digital asset offers, together with his private memecoin and NFTs.
In June, he disclosed incomes $57.4 million from his stake in World Liberty Monetary. In his 2025 public monetary disclosure, filed with the Workplace of Authorities Ethics, Trump reported holding 15.75 billion WLFI governance tokens. The submitting attributes the earnings to token gross sales.
He even held a personal dinner earlier this 12 months with patrons of his Trump-themed token. In the meantime, his firm, Trump Media and Expertise Group, claimed in July to carry over $2 billion in Bitcoin and different digital belongings.
Earlier this month, The New Yorker claimed Trump has amassed an estimated $2.4 billion from crypto-related ventures since 2022. The report famous these ventures now account for almost 44% of Trump’s political-era wealth, elevating considerations over potential conflicts of curiosity.
Associated: Trump has 11 on his Fed chair record, 3 could also be crypto-friendly
Newsom mocks Trump’s type
The comment comes amid a broader marketing campaign by Newsom to parody Trump’s branding. Over the previous week, the governor has used his official press workplace account on X to imitate Trump’s signature all-caps tweets.
“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!!! — GCN,” he wrote in a single put up.
He additionally launched a web based retailer promoting MAGA-style merchandise, together with purple hats labeled “NEWSOM WAS RIGHT ABOUT EVERYTHING!”
Journal: Trump’s crypto ventures increase battle of curiosity, insider buying and selling questions
