California Governor Gavin Newsom has unveiled plans for a provocative new memecoin called the “Trump Corruption Coin,” aimed at drawing attention to President Donald Trump’s growing ties with the cryptocurrency industry. The announcement was made during an appearance on the Pivot podcast, where Newsom linked the coin to his ongoing “Campaign for Democracy” initiative. Proceeds from the project, he said, would go toward voter outreach and redistricting efforts. “We’re about to put a meme coin out,” Newsom said in the interview. “And you know what, Donald Trump? We’ll see how well your coin does versus our coin.” Asked if he would brand it as “Gavin Coin,” the governor was quick to respond: “No, it’s Trump Corruption Coin.” He added that the move was partly intended to expose what he called “the absurdity” of Trump’s ventures, describing the former president as “one of the great grifters of our time.” Trump’s Expanding Crypto Fortune Trump has leaned heavily into digital assets as part of his post-presidency image, embracing NFTs, memecoins, and governance tokens tied to World Liberty Financial. In June, f inancial disclosures showed he earned $57.4 million from his stake in the project, with holdings that included more than 15.7 billion WLFI tokens. Earlier this year, he even hosted a private dinner with buyers of his Trump-themed token , underscoring how central crypto has become to his brand. In addition, his company, Trump Media and Technology Group, reported in July that it held more than $2 billion in Bitcoin and other cryptocurrencies. A report from The New Yorker earlier this month estimated Trump has amassed roughly $2.4 billion from crypto-related ventures since 2022. That figure accounts for nearly 44% of his post-presidency wealth, fueling ongoing debates over potential conflicts of interest should he regain public office. Mocking Trump Branding Newsom’s coin announcement is part of a broader campaign to parody Trump’s political style. Over the past week, the governor has taken to his official X account to mimic Trump’s all-caps tweets. He has also launched an online store selling satirical merchandise, including red caps modeled on Trump’s MAGA hats, with slogans such as “NEWSOM WAS RIGHT ABOUT EVERYTHING!” Whether the “Trump Corruption Coin” gains traction remains to be seen, but the move underscores Newsom’s strategy of using parody to challenge Trump’s growing influence in crypto and politics. The post Newsom Teases ‘Trump Corruption Coin’ to Counter President’s Crypto Ventures appeared first on TheCoinrise.com .
