California governor teases ‘Trump Corruption Coin’ in jab at MAGA memecoins

California Governor Gavin Newsom has teased plans to motorboat a “Trump Corruption Coin” arsenic a nonstop effect to Donald Trump’s arguable engagement successful crypto, particularly done memecoins.

Speaking connected the “Pivot” podcast, Newsom said the planned memecoin, named explicitly aft Trump’s alleged scandals, is portion of his broader “Campaign for Democracy” initiative, with proceeds from the coin going toward redistricting efforts and elector outreach.

“We’re astir to enactment a meme coin out,” Newsom said during the interview. “And you cognize what, Donald Trump? We’ll spot however good your coin does versus our coin.” When asked if it would beryllium called a “Gavin Coin,” the politician replied: “No, it’s Trump Corruption Coin.”

“We’re conscionable trying to crook up the vigor and tune radical into the absurdity,” helium added. “This is 1 of the large grifters of our time,” Newsom said of Trump. “None of this is normal.”

Related: China could leverage crypto power implicit Trump household wealth

Trump rakes successful millions from crypto

Trump, who has embraced crypto arsenic portion of his post-presidency branding, has touted monolithic profits from integer plus deals, including his idiosyncratic memecoin and NFTs.

In June, he disclosed earning $57.4 million from his involvement successful World Liberty Financial. In his 2025 nationalist fiscal disclosure, filed with the Office of Government Ethics, Trump reported holding 15.75 cardinal WLFI governance tokens. The filing attributes the income to token sales.

He adjacent held a backstage dinner earlier this twelvemonth with buyers of his Trump-themed token. Meanwhile, his company, Trump Media and Technology Group, claimed successful July to hold implicit $2 cardinal successful Bitcoin and different integer assets.

Earlier this month, The New Yorker claimed Trump has amassed an estimated $2.4 billion from crypto-related ventures since 2022. The study noted these ventures present relationship for astir 44% of Trump’s political-era wealth, raising concerns implicit imaginable conflicts of interest.

Related: Trump has 11 connected his Fed seat list, 3 whitethorn beryllium crypto-friendly

Newsom mocks Trump’s benignant

The remark comes amid a broader run by Newsom to parody Trump’s branding. Over the past week, the politician has utilized his authoritative property bureau relationship connected X to mimic 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,” helium wrote successful 1 post.

He besides launched an online store selling MAGA-style merchandise, including reddish hats labeled “NEWSOM WAS RIGHT ABOUT EVERYTHING!”

Magazine: Trump’s crypto ventures rise struggle of interest, insider trading questions