California Gov. Gavin Newsom bullied Donald Trump’s plan to launch “Trump Corruption Coin” in order to directly address controversial involvement, particularly through Memecoin.
Speaking about the “Pivot” podcast, Democrat Newsom said the planned Mimecoin, explicitly named after the Trump scandal allegations, is part of his broader “Campaign for Democracy” initiative, with revenue from the coin directing its rezoning efforts and voter outreach.
“We’re trying to put out a coin for meme,” Newsom said during an interview. “And what do you know, Donald Trump? We’ll see how well your coin works against our coins.” When asked if it was called “Gavin Coin,” the governor replied: “No, it’s a Trump corrupt coin.”
“We’re just trying to raise the heat and adjust people to absurd,” he added. “This is one of the great glyfters of our time,” Newmu said of Trump. “This is not normal.”
Gavin Newsom: “We’re about to put out a meme coin.”
Kara Swisher: “Is it going to become Gold Gavin Coin?”
Newsom: “No, it’s Trump’s corrupt coin… This is one of the great glyfters of our time… His family is sent before these foreign travels make a deal. pic.twitter.com/hnklm9gi
– Blue Georgia (@blueatlgeorgia) August 29, 2025
Related: China was able to leverage crypto control over Trump’s family wealth
Trump takes millions of people from the code
Trump, who has embraced crypto as part of his post-presidential branding, has touted massive profits from his personal Memecoin and digital asset transactions, including NFTs.
In June he revealed that he made $57.4 million from stake in World Liberty Financial. In a 2025 public financial disclosure filed with the government’s Ethics Bureau, Trump reported that he owns 15.75 billion WLFI governance tokens. Filing ascribes revenue to the sale of tokens.
He hosted a private dinner with Trump-themed token buyers earlier this year. Meanwhile, his company, Trump Media and Technology Group, claimed in July it owned more than $2 billion in Bitcoin and other digital assets.
Earlier this month, New Yorkers alleged that Trump has raised an estimated $2.4 billion from crypto-related ventures since 2022. The report said these ventures account for almost 44% of Trump’s political ERA wealth, raising concerns about potential conflicts of interest.
Related: Trump has 11 on the Fed’s chair list, three may be crypt-friendly
Newsom laughs playing cards style
The statement comes in Newsom’s broader campaign to parodies of Trump’s branding. Over the past week, the governor has been using official press conferences at X to mimic Trump’s signature all-cap tweets.
“Except for those that are written and aired in fake news, I have now the highest polls I’ve ever had, the 60s, and even the 70s. Thank you. Make America gavin again!!! – GCN,” he wrote in one post.
He also launched an online store selling Maga-style products, including a red hat labelled “Newsom is right about everything!”
magazine: Trump’s crypto ventures cause conflicts of interest, insider trading questions
